Microsoft Co. (NASDAQ:MSFT) Position Decreased by Marino Stram & Associates LLC

Marino Stram & Associates LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 13.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,184 shares of the software giant’s stock after selling 3,087 shares during the period. Microsoft makes up approximately 2.1% of Marino Stram & Associates LLC’s portfolio, making the stock its 9th biggest holding. Marino Stram & Associates LLC’s holdings in Microsoft were worth $8,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Rebalance LLC boosted its position in Microsoft by 0.7% during the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after buying an additional 24 shares during the period. Innova Wealth Partners boosted its position in Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after buying an additional 25 shares during the period. Arkansas Financial Group Inc. boosted its position in Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after buying an additional 25 shares during the period. Partnership Wealth Management LLC boosted its position in Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after buying an additional 25 shares during the period. Finally, Doheny Asset Management CA boosted its position in Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $430.59 on Friday. The company has a market capitalization of $3.20 trillion, a P/E ratio of 37.28, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $423.50 and a 200 day moving average of $423.36. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its 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. The business had revenue of $64.73 billion during 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 company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.69 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 40,000 shares of the firm’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 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 accessible through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 17,378 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the sale, the executive vice president now directly owns 150,161 shares in the company, valued at approximately $61,843,807.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 40,000 shares of the 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 transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MSFT. Tigress Financial upped their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. New Street Research began coverage on shares of Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price for the company. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, June 17th. Morgan Stanley dropped their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their target price on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.