Cliftonlarsonallen Wealth Advisors LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 14.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,956 shares of the software giant’s stock after selling 5,346 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Microsoft were worth $8,464,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. boosted its holdings in shares of Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the period. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the first quarter worth $28,000. Joseph Group Capital Management bought a new stake in shares of Microsoft in the fourth quarter worth $1,535,000. Shore Point Advisors LLC bought a new stake in shares of Microsoft in the fourth quarter worth $40,000. Finally, Tobam lifted its position in shares of Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on MSFT shares. Wolfe Research cut their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Jefferies Financial Group set a $320.00 price objective on shares of Microsoft in a research report on Tuesday, September 6th. JPMorgan Chase & Co. set a $320.00 price objective on shares of Microsoft in a research report on Thursday, June 9th. UBS Group set a $330.00 price objective on shares of Microsoft in a research report on Thursday, September 15th. Finally, Rosenblatt Securities cut their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the business posted $2.17 EPS. Equities research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current year.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is currently owned by company insiders.
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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