RMR Wealth Builders Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

RMR Wealth Builders grew its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.0% during the 3rd quarter, Holdings Channel reports. The fund owned 35,150 shares of the software giant’s stock after buying an additional 2,894 shares during the period. Microsoft comprises 2.0% of RMR Wealth Builders’ portfolio, making the stock its 13th biggest holding. RMR Wealth Builders’ holdings in Microsoft were worth $8,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Walled Lake Planning & Wealth Management LLC raised its holdings in shares of Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after purchasing an additional 38 shares in the last quarter. Financial Advisors Network Inc. raised its holdings in shares of Microsoft by 1.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares in the last quarter. Donoghue Forlines LLC raised its stake in shares of Microsoft by 1.6% during the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after acquiring an additional 40 shares in the last quarter. Rovin Capital UT ADV raised its stake in shares of Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after acquiring an additional 40 shares in the last quarter. Finally, Fountainhead AM LLC raised its stake in shares of Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 41 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT opened at $250.16 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The company has a fifty day moving average of $246.44 and a two-hundred day moving average of $247.49. The stock 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. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The company had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The disclosure for this sale can be found here. Insiders sold 26,144 shares of company stock worth $6,680,795 over the last three months. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MSFT shares. Credit Suisse Group reduced their price objective on shares of Microsoft from $365.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, January 26th. Fundamental Research reduced their price objective on shares of Microsoft from $269.73 to $259.47 and set a “buy” rating for the company in a research note on Thursday, February 2nd. Barclays reduced their price objective on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. Mizuho boosted their price objective on shares of Microsoft from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Finally, Piper Sandler boosted their target price on shares of Microsoft from $247.00 to $290.00 and gave the stock an “overweight” rating in a research 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.58.

About Microsoft

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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.