Microsoft Co. (NASDAQ:MSFT) Shares Sold by Sutton Place Investors LLC

Sutton Place Investors LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 46.6% during the second quarter, Holdings Channel.com reports. The firm owned 7,164 shares of the software giant’s stock after selling 6,246 shares during the quarter. Microsoft makes up 2.1% of Sutton Place Investors LLC’s investment portfolio, making the stock its 10th biggest holding. Sutton Place Investors LLC’s holdings in Microsoft were worth $3,202,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Saxon Interests Inc. grew its holdings in Microsoft by 0.7% during the 2nd quarter. Saxon Interests Inc. now owns 14,367 shares of the software giant’s stock worth $6,421,000 after acquiring an additional 100 shares during the period. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Microsoft by 3.1% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 44,998 shares of the software giant’s stock worth $20,228,000 after purchasing an additional 1,354 shares in the last quarter. Hofer & Associates. Inc grew its position in Microsoft by 2.6% in the 2nd quarter. Hofer & Associates. Inc now owns 4,076 shares of the software giant’s stock valued at $1,822,000 after purchasing an additional 105 shares during the period. Gradient Investments LLC lifted its stake in shares of Microsoft by 8.7% in the second quarter. Gradient Investments LLC now owns 194,618 shares of the software giant’s stock valued at $86,985,000 after buying an additional 15,575 shares in the last quarter. Finally, Timber Creek Capital Management LLC boosted its stake in Microsoft by 0.9% during the 2nd quarter. Timber Creek Capital Management LLC now owns 38,760 shares of the software giant’s stock valued at $17,324,000 after purchasing an additional 332 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 0.8 %

NASDAQ MSFT opened at $430.59 on Monday. The stock has a market capitalization of $3.20 trillion, a PE ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90. The business’s 50-day moving average is $423.50 and its 200 day moving average is $423.47. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. 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 (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $64.38 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current year.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the sale, the executive vice president now owns 150,161 shares in the company, valued at $61,843,807.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. 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 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MSFT shares. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, June 17th. Piper Sandler reissued an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley lowered their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Argus increased their target price on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

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.