Ellenbecker Investment Group Sells 131 Shares of Microsoft Co. (NASDAQ:MSFT)

Ellenbecker Investment Group reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 9,424 shares of the software giant’s stock after selling 131 shares during the quarter. Microsoft comprises approximately 0.7% of Ellenbecker Investment Group’s holdings, making the stock its 14th biggest position. Ellenbecker Investment Group’s holdings in Microsoft were worth $2,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. boosted its stake in shares of Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after acquiring an additional 79 shares during the period. Monumental Financial Group Inc. bought a new stake in Microsoft in the 1st quarter valued at $28,000. Shore Point Advisors LLC bought a new stake in Microsoft in the 4th quarter valued at $40,000. Tobam boosted its stake in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares during the period. Finally, Artemis Wealth Advisors LLC bought a new stake in Microsoft in the 1st quarter valued at $68,000. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MSFT. Barclays reduced their price target on Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. Citigroup reduced their price target on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Wedbush decreased their price target on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Rosenblatt Securities dropped their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Finally, Piper Sandler dropped their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $334.31.

Microsoft Stock Down 0.3 %

Shares of NASDAQ MSFT opened at $244.74 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $268.81 and a 200 day moving average price of $274.03. The company has a market cap of $1.83 trillion, a P/E ratio of 25.39, a P/E/G ratio of 2.07 and a beta of 0.94. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the business posted $2.17 earnings per share. Research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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