Triad Wealth Partners LLC Purchases 2,925 Shares of Microsoft Co. (NASDAQ:MSFT)

Triad Wealth Partners LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 41.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,942 shares of the software giant’s stock after purchasing an additional 2,925 shares during the period. Microsoft comprises 2.3% of Triad Wealth Partners LLC’s investment portfolio, making the stock its 11th largest position. Triad Wealth Partners LLC’s holdings in Microsoft were worth $4,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of MSFT. Rebalance LLC raised its holdings in Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after acquiring an additional 24 shares during the last quarter. Innova Wealth Partners raised its holdings in Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after acquiring an additional 25 shares during the last quarter. Arkansas Financial Group Inc. raised its holdings in Microsoft by 1.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after acquiring an additional 25 shares during the last quarter. Partnership Wealth Management LLC raised its holdings in Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after acquiring an additional 25 shares during the last quarter. Finally, Doheny Asset Management CA raised its holdings in Microsoft by 0.4% in the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after acquiring an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. New Street Research began coverage on Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target for the company. BMO Capital Markets upped their price objective on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. UBS Group dropped their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America upped their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Mizuho upped their price objective on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Two investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Insider Activity

In other news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the 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 sale, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $430.59 on Friday. The stock 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. The firm has a 50-day moving average of $423.50 and a two-hundred day moving average of $423.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

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

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.