Microsoft Co. (NASDAQ:MSFT) Position Cut by Founders Capital Management LLC

Founders Capital Management LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 123,702 shares of the software giant’s stock after selling 145 shares during the quarter. Microsoft comprises 9.9% of Founders Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Founders Capital Management LLC’s holdings in Microsoft were worth $55,289,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MSFT. Flynn Zito Capital Management LLC lifted its position in shares of Microsoft by 0.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 10,066 shares of the software giant’s stock worth $3,785,000 after purchasing an additional 94 shares during the last quarter. Elite Wealth Management Inc. increased its stake in Microsoft by 2.3% in the 4th quarter. Elite Wealth Management Inc. now owns 317,970 shares of the software giant’s stock worth $119,570,000 after buying an additional 7,031 shares during the period. Rakuten Securities Inc. bought a new stake in Microsoft during the 4th quarter valued at about $4,981,000. KLCM Advisors Inc. boosted its position in Microsoft by 18.3% in the 4th quarter. KLCM Advisors Inc. now owns 15,328 shares of the software giant’s stock valued at $5,764,000 after buying an additional 2,369 shares during the period. Finally, Beam Wealth Advisors Inc. grew its stake in Microsoft by 2.0% in the 4th quarter. Beam Wealth Advisors Inc. now owns 3,780 shares of the software giant’s stock worth $1,421,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Bank of America raised their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Macquarie upped their price target on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Tigress Financial boosted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Trading Up 0.8 %

MSFT stock opened at $430.59 on Friday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The business’s 50-day moving average is $423.50 and its 200 day moving average is $423.25. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.20 trillion, a price-to-earnings ratio of 37.28, a PEG 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, topping analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Insider Activity

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s 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 transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of Microsoft 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 transaction, the chief executive officer now directly 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 three months. Insiders own 0.03% of the company’s stock.

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.