Patrick M Sweeney & Associates Inc. Buys 331 Shares of Microsoft Co. (NASDAQ:MSFT)

Patrick M Sweeney & Associates Inc. lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,266 shares of the software giant’s stock after buying an additional 331 shares during the period. Microsoft makes up 3.7% of Patrick M Sweeney & Associates Inc.’s holdings, making the stock its 6th biggest position. Patrick M Sweeney & Associates Inc.’s holdings in Microsoft were worth $4,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Neo Ivy Capital Management purchased a new position in shares of Microsoft in the fourth quarter worth about $58,000. Richardson Capital Management LLC lifted its stake in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares in the last quarter. PayPay Securities Corp raised its stake in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the period. Bellevue Group AG raised 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 purchasing an additional 58 shares during the period. Finally, Horizon Financial Services LLC purchased a new position in Microsoft during the first quarter worth about $80,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Macquarie lifted their target price on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. TD Cowen lifted their target price 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. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Piper Sandler reiterated an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Stock Up 0.9 %

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

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

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on 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 sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 in the last 90 days. 0.03% of the stock is owned by insiders.

Microsoft Profile

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.