Rappaport Reiches Capital Management LLC Sells 2,039 Shares of Microsoft Co. (NASDAQ:MSFT)

Rappaport Reiches Capital Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 17.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,485 shares of the software giant’s stock after selling 2,039 shares during the quarter. Microsoft comprises approximately 1.2% of Rappaport Reiches Capital Management LLC’s holdings, making the stock its 17th largest holding. Rappaport Reiches Capital Management LLC’s holdings in Microsoft were worth $4,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Capital Management LLC boosted its position in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after acquiring an additional 129 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Microsoft during the 4th quarter valued at $58,000. Bellevue Group AG raised its holdings 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 buying an additional 58 shares during the period. Horizon Financial Services LLC purchased a new stake in Microsoft during the 1st quarter valued at $80,000. Finally, Cooksen Wealth LLC purchased a new stake in Microsoft during the 4th quarter valued at $86,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $430.59 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $3.20 trillion, a PE ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90. The business has a 50-day simple moving average of $423.50 and a two-hundred day simple moving average of $423.47. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.05. The business 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%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $2.69 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley decreased 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. TD Cowen increased their target price on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Finally, New Street Research initiated 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 analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last three months. 0.03% of the stock is currently owned by insiders.

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.