Legacy Financial Strategies LLC Has $2.21 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Legacy Financial Strategies LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,998 shares of the software giant’s stock after buying an additional 454 shares during the quarter. Legacy Financial Strategies LLC’s holdings in Microsoft were worth $2,210,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the first quarter worth $28,000. Atlantic Private Wealth LLC boosted its stake in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after acquiring an additional 155 shares in the last quarter. Infrastructure Capital Advisors LLC bought a new position in Microsoft during the second quarter worth $601,000. Hibernia Wealth Partners LLC bought a new position in Microsoft during the third quarter worth $69,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,048,303 shares of company stock worth $21,821,514. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.8 %

Shares of MSFT stock opened at $409.14 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a 52-week low of $245.73 and a 52-week high of $420.82. The company has a market capitalization of $3.04 trillion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. The business’s fifty day moving average is $398.94 and its 200 day moving average is $364.72.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same quarter last year, the business posted $2.32 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts anticipate that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating on shares of Microsoft in a research note on Tuesday, January 23rd. Barclays increased their target price on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Jefferies Financial Group reissued a “buy” rating and set a $465.00 target price on shares of Microsoft in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $450.00 price objective on shares of Microsoft in a research note on Monday, January 29th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $432.00 price objective on shares of Microsoft in a research note on Monday, November 20th. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $415.00.

View Our Latest Report on MSFT

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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