Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Wheelhouse Advisory Group LLC

Wheelhouse Advisory Group LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,380 shares of the software giant’s stock after purchasing an additional 362 shares during the quarter. Microsoft makes up about 0.8% of Wheelhouse Advisory Group LLC’s investment portfolio, making the stock its 15th largest holding. Wheelhouse Advisory Group LLC’s holdings in Microsoft were worth $1,093,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in shares of Microsoft during the 4th quarter valued at about $58,000. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% in the first 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 period. Bellevue Group AG boosted its stake in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Horizon Financial Services LLC bought a new position in shares of Microsoft during the first quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $86,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. TD Cowen upped their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Tigress Financial lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Piper Sandler restated an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Mizuho raised their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Trading Up 0.8 %

Shares of MSFT opened at $430.59 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The stock has a market capitalization of $3.20 trillion, a P/E ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90. The business’s 50-day moving average price is $423.50 and its 200 day moving average price is $423.47.

Microsoft (NASDAQ:MSFT) last released 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. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the previous year, the business earned $2.69 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 13.04 earnings per share for the current year.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on 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 transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 in the last three months. 0.03% of the stock is currently owned by company 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.