Tanglewood Legacy Advisors LLC Buys 244 Shares of Microsoft Co. (NASDAQ:MSFT)

Tanglewood Legacy Advisors LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,106 shares of the software giant’s stock after purchasing an additional 244 shares during the quarter. Microsoft accounts for about 0.7% of Tanglewood Legacy Advisors LLC’s investment portfolio, making the stock its 26th biggest position. Tanglewood Legacy Advisors LLC’s holdings in Microsoft were worth $1,388,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after acquiring an additional 3,078,099 shares in the last quarter. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter valued at about $35,920,047,000. Capital International Investors boosted its position in shares of Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after acquiring an additional 842,884 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Microsoft by 1.1% during the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after acquiring an additional 277,881 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Microsoft by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock valued at $9,544,532,000 after acquiring an additional 403,409 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated 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 directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MSFT shares. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. New Street Research started coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. Argus boosted their price target on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Finally, UBS Group reduced their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Stock Performance

Shares of Microsoft stock opened at $427.00 on Friday. The company has a market capitalization of $3.17 trillion, a PE ratio of 36.97, a PEG ratio of 2.03 and a beta of 0.90. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $424.24 and its 200 day simple moving average is $423.09.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for 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 firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. On average, research analysts predict that Microsoft Co. will post 13.04 EPS 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.