Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 36,108 shares of the software giant’s stock after selling 659 shares during the quarter. Microsoft makes up about 1.8% of Mattern Capital Management LLC’s holdings, making the stock its 3rd biggest holding. Mattern Capital Management LLC’s holdings in Microsoft were worth $8,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Phoenix Wealth Advisors boosted its position in shares of Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after buying an additional 343 shares during the period. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Microsoft by 199.7% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after buying an additional 71,769 shares during the period. Verity & Verity LLC boosted its position in shares of Microsoft by 6.4% during the second quarter. Verity & Verity LLC now owns 67,872 shares of the software giant’s stock worth $17,432,000 after buying an additional 4,081 shares during the period. BlackDiamond Wealth Management Inc. boosted its position in shares of Microsoft by 9.2% during the third quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock worth $1,943,000 after buying an additional 650 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Microsoft by 1.4% during the third quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock worth $649,670,000 after buying an additional 37,545 shares during the period. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $269.38, for a total transaction of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $269.38, for a total transaction of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The disclosure for this sale can be found here. Insiders have sold 26,144 shares of company stock valued at $6,680,795 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT opened at $250.16 on Tuesday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The stock’s 50 day moving average is $246.44 and its two-hundred day moving average is $247.49. The firm has a market capitalization of $1.86 trillion, a PE ratio of 27.80, a P/E/G ratio of 2.29 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 EPS. Research analysts anticipate that Microsoft Co. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. The Goldman Sachs Group set a $315.00 price target on Microsoft in a research report on Wednesday, January 25th. Citigroup lifted their target price on Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a report on Wednesday, January 25th. Guggenheim lowered Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price for the company. in a report on Tuesday, January 17th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Friday, January 27th. Finally, JPMorgan Chase & Co. set a $305.00 target price on Microsoft and gave the company an “overweight” rating in a report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $285.58.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.