Microsoft Co. (NASDAQ:MSFT) Shares Bought by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc grew its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,832 shares of the software giant’s stock after buying an additional 142 shares during the period. Microsoft accounts for about 3.5% of O ROURKE & COMPANY Inc’s holdings, making the stock its 5th biggest holding. O ROURKE & COMPANY Inc’s holdings in Microsoft were worth $6,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Silver Lake Advisory LLC boosted its position in shares of Microsoft by 76.8% during the 2nd quarter. Silver Lake Advisory LLC now owns 21,882 shares of the software giant’s stock valued at $9,780,000 after purchasing an additional 9,503 shares in the last quarter. Professional Financial Advisors LLC boosted its position in shares of Microsoft by 3.7% during the 2nd quarter. Professional Financial Advisors LLC now owns 5,847 shares of the software giant’s stock valued at $2,613,000 after purchasing an additional 209 shares in the last quarter. Magnolia Wealth Management LLC boosted its position in shares of Microsoft by 82.3% during the 2nd quarter. Magnolia Wealth Management LLC now owns 3,471 shares of the software giant’s stock valued at $1,551,000 after purchasing an additional 1,567 shares in the last quarter. Fiduciary Financial Group LLC bought a new stake in shares of Microsoft during the 2nd quarter valued at about $3,903,000. Finally, Swedbank AB boosted its position in shares of Microsoft by 2.7% during the 2nd quarter. Swedbank AB now owns 13,640,068 shares of the software giant’s stock valued at $6,096,428,000 after purchasing an additional 360,171 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MSFT. Morgan Stanley cut their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Argus increased their price target on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Oppenheimer increased their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. BMO Capital Markets increased their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Wells Fargo & Company increased their price target on 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 assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $494.72.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on 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 of the company’s stock, valued at $20,552,000. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $430.59 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day simple moving average of $423.50 and a two-hundred day simple moving average of $423.36. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The company has a market capitalization of $3.20 trillion, a P/E ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its 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. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same period last 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. On average, analysts expect that Microsoft Co. will post 13.04 earnings per share for the current year.

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.