Lathrop Investment Management Corp Sells 5,622 Shares of Microsoft Co. (NASDAQ:MSFT)

Lathrop Investment Management Corp decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,045 shares of the software giant’s stock after selling 5,622 shares during the period. Microsoft makes up approximately 5.4% of Lathrop Investment Management Corp’s investment portfolio, making the stock its largest position. Lathrop Investment Management Corp’s holdings in Microsoft were worth $27,731,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Neo Ivy Capital Management purchased a new position in Microsoft during the fourth quarter worth about $58,000. Richardson Capital Management LLC increased its holdings 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 worth $59,000 after buying an additional 129 shares during the last quarter. Bellevue Group AG raised its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the period. Horizon Financial Services LLC acquired a new position in Microsoft in the first quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC purchased a new position in Microsoft in the fourth quarter worth approximately $86,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 0.8 %

MSFT opened at $430.59 on Friday. The business’s 50-day simple moving average is $423.50 and its 200-day simple moving average is $423.36. The company has a market cap of $3.20 trillion, a P/E ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90. 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.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share 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 company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter last year, the company earned $2.69 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Insider Activity at Microsoft

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related 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 value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock valued at $77,916,485 over the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. Oppenheimer upped their price target on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. BMO Capital Markets increased their target price on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. TD Cowen increased their price objective on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Tigress Financial boosted their target price on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

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.