Richard P Slaughter Associates Inc Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Richard P Slaughter Associates Inc lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,144 shares of the software giant’s stock after purchasing an additional 211 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Microsoft were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. KB Financial Partners LLC raised its position in Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after purchasing an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC grew its stake in shares of Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after purchasing an additional 37 shares during the last quarter. Strategic Asset Management LLC grew its stake in shares of Microsoft by 5.9% in the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after purchasing an additional 37 shares during the last quarter. Virginia Wealth Management Group Inc. boosted its stake in shares of Microsoft by 0.3% in the first quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after buying an additional 37 shares in the last quarter. Finally, Northwest Wealth Management LLC boosted its stake in shares of Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after buying an additional 37 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.1 %

NASDAQ:MSFT opened at $244.52 on Tuesday. The stock has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.06 and a beta of 0.94. The firm has a fifty day simple moving average of $268.81 and a two-hundred day simple moving average of $273.69. Microsoft Co. has a 12 month low of $240.85 and a 12 month high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business earned $2.17 EPS. Analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s 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 completion of the transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. JPMorgan Chase & Co. set a $320.00 price target on Microsoft in a research note on Thursday, June 9th. Piper Sandler cut their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Redburn Partners started coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $334.31.

Microsoft Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.