Schechter Investment Advisors LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

Schechter Investment Advisors LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,266 shares of the software giant’s stock after buying an additional 3,734 shares during the period. Microsoft comprises approximately 1.8% of Schechter Investment Advisors LLC’s portfolio, making the stock its 8th biggest position. Schechter Investment Advisors LLC’s holdings in Microsoft were worth $18,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Monumental Financial Group Inc. acquired a new stake in Microsoft during the first quarter valued at $28,000. Atlantic Private Wealth LLC boosted its position in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new stake in Microsoft during the third quarter valued at $69,000. Iron Horse Wealth Management LLC boosted its position in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft during the fourth quarter valued at $83,000. Institutional investors and hedge funds own 69.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MSFT. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. China Renaissance began coverage on Microsoft in a report on Tuesday, December 5th. They set a “buy” rating and a $466.00 target price on the stock. Barclays raised their target price on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Argus raised their target price on Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Finally, Raymond James raised their target price on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $411.06.

View Our Latest Stock Report on Microsoft

Microsoft Stock Up 0.1 %

NASDAQ MSFT opened at $407.72 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average is $394.72 and its two-hundred day moving average is $361.27. The company has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.17 and a beta of 0.90. Microsoft Co. has a 1-year low of $245.61 and a 1-year high of $420.82.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 earnings per share. Equities analysts forecast that Microsoft Co. will post 11.63 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 24,681 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $369.00, for a total value of $9,107,289.00. Following the completion of the transaction, the executive vice president now directly owns 183,761 shares in the company, valued at $67,807,809. The disclosure for this sale can be found here. Insiders have sold 1,072,984 shares of company stock valued at $30,928,803 in the last three months. 0.03% of the stock is owned by corporate insiders.

Microsoft Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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