Microsoft Co. (NASDAQ:MSFT) Stake Increased by Magnolia Wealth Management LLC

Magnolia Wealth Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 82.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,471 shares of the software giant’s stock after buying an additional 1,567 shares during the quarter. Microsoft comprises 1.2% of Magnolia Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Magnolia Wealth Management LLC’s holdings in Microsoft were worth $1,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Neo Ivy Capital Management bought a new stake in Microsoft during the 4th quarter worth approximately $58,000. Richardson Capital Management LLC boosted its holdings in Microsoft by 1,290.0% in 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 period. PayPay Securities Corp grew its position in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares in the last quarter. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% in 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 stake in shares of Microsoft in the first quarter worth $80,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

MSFT stock opened at $430.59 on Friday. The stock’s 50 day simple moving average is $423.50 and its 200 day simple 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. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The stock has a market capitalization of $3.20 trillion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90.

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

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 40,000 shares of the business’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 sale, 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 legal filing with the SEC, which is available at this hyperlink. In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft 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 transaction, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s 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 in the company, valued at $20,552,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on MSFT. Citigroup reduced their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Oppenheimer upped their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Finally, 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 report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.