Atwater Malick LLC Acquires 378 Shares of Microsoft Co. (NASDAQ:MSFT)

Atwater Malick LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,854 shares of the software giant’s stock after purchasing an additional 378 shares during the quarter. Microsoft accounts for 2.7% of Atwater Malick LLC’s holdings, making the stock its 16th largest position. Atwater Malick LLC’s holdings in Microsoft were worth $7,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MSFT. Echo Wealth Management LLC grew its holdings in shares of Microsoft by 50.7% in the second quarter. Echo Wealth Management LLC now owns 3,449 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 1,161 shares in the last quarter. Narus Financial Partners LLC lifted its position in Microsoft by 1.9% during the second quarter. Narus Financial Partners LLC now owns 2,598 shares of the software giant’s stock valued at $1,161,000 after purchasing an additional 48 shares during the last quarter. Home Federal Bank of Tennessee lifted its position in Microsoft by 0.7% during the second quarter. Home Federal Bank of Tennessee now owns 15,115 shares of the software giant’s stock valued at $6,756,000 after purchasing an additional 100 shares during the last quarter. Ruedi Wealth Management Inc. grew its stake in shares of Microsoft by 4.4% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 1,991 shares of the software giant’s stock worth $890,000 after buying an additional 84 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its holdings in shares of Microsoft by 1.6% in the 2nd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 14,635 shares of the software giant’s stock worth $6,541,000 after buying an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.8 %

NASDAQ MSFT opened at $430.59 on Friday. The firm’s fifty day moving average is $423.50 and its two-hundred day moving average is $423.25. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. 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 firm has a market cap of $3.20 trillion, a PE ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Microsoft Co. will post 13.04 earnings per share for the current year.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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 sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last 90 days. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. New Street Research assumed coverage on Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock. Macquarie increased their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. UBS Group lowered their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price objective 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. Finally, TD Cowen raised their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Company 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.