Evolution Wealth Advisors LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Evolution Wealth Advisors LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 18.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,525 shares of the software giant’s stock after purchasing an additional 1,613 shares during the quarter. Microsoft accounts for approximately 0.9% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Evolution Wealth Advisors LLC’s holdings in Microsoft were worth $4,710,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new position in Microsoft in the 4th quarter worth about $58,000. Richardson Capital Management LLC increased its holdings in 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 purchasing an additional 129 shares during the period. Bellevue Group AG raised its position in 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 purchasing an additional 58 shares in the last quarter. Horizon Financial Services LLC purchased a new stake in shares of Microsoft in the 1st quarter worth $80,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Microsoft during the fourth quarter valued at $86,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $430.59 on Monday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. 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 stock has a market cap 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. The business has a 50-day simple moving average of $423.50 and a 200-day simple moving average of $423.47.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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 company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. On average, equities analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Analyst Ratings Changes

MSFT has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Argus lifted their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. UBS Group lowered their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. Finally, New Street Research started coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’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 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 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 value 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 through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on 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 transaction, the chief marketing officer now directly 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 worth $77,916,485. 0.03% of the stock is owned by company insiders.

Microsoft Company 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.