Meadow Creek Wealth Advisors LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Meadow Creek Wealth Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.2% during the second quarter, HoldingsChannel.com reports. The fund owned 11,453 shares of the software giant’s stock after acquiring an additional 566 shares during the period. Microsoft accounts for about 4.8% of Meadow Creek Wealth Advisors LLC’s portfolio, making the stock its 4th biggest position. Meadow Creek Wealth Advisors LLC’s holdings in Microsoft were worth $5,119,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $35,920,047,000. Vanguard Group Inc. increased its stake in shares of Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares during the period. Swedbank AB acquired a new stake in shares of Microsoft in the first quarter valued at approximately $5,587,119,000. TCI Fund Management Ltd. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $4,000,376,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Microsoft by 77.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSFT. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Macquarie raised their price target on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley lowered their price objective on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Bank of America raised their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, UBS Group lowered their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.9 %

Shares of MSFT opened at $427.00 on Friday. The company has a 50-day simple moving average of $424.24 and a 200-day simple moving average of $423.09. The firm has a market capitalization of $3.17 trillion, a P/E ratio of 36.97, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.04 earnings per share for the current year.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.