Microsoft Co. (NASDAQ:MSFT) Holdings Increased by Red Door Wealth Management LLC

Red Door Wealth Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,119 shares of the software giant’s stock after acquiring an additional 1,377 shares during the period. Microsoft accounts for approximately 4.0% of Red Door Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Red Door Wealth Management LLC’s holdings in Microsoft were worth $22,848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Richardson Capital Management LLC increased its position in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Microsoft in the fourth quarter worth $58,000. Bellevue Group AG boosted its stake in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the period. PayPay Securities Corp increased its position in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. Finally, Horizon Financial Services LLC purchased a new stake in shares of Microsoft in the first quarter valued at $80,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.9 %

NASDAQ:MSFT opened at $427.00 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock 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’s 50-day simple moving average is $424.24 and its 200-day simple moving average is $423.09. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm earned $2.69 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MSFT shares. TD Cowen lifted their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Oppenheimer boosted their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley dropped their price objective on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Tigress Financial upped their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $494.72.

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.