Sax Wealth Advisors LLC Sells 1,666 Shares of Microsoft Co. (NASDAQ:MSFT)

Sax Wealth Advisors LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,275 shares of the software giant’s stock after selling 1,666 shares during the quarter. Microsoft makes up approximately 1.0% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Sax Wealth Advisors LLC’s holdings in Microsoft were worth $3,790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Walled Lake Planning & Wealth Management LLC lifted its stake in Microsoft by 0.5% during 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 acquiring an additional 38 shares in the last quarter. Financial Advisors Network Inc. lifted its stake in Microsoft by 1.1% during the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after acquiring an additional 39 shares in the last quarter. Donoghue Forlines LLC lifted its stake in Microsoft by 1.6% during the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after acquiring an additional 40 shares in the last quarter. Rovin Capital UT ADV increased its position 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 valued at $873,000 after purchasing an additional 40 shares during the last quarter. Finally, Fountainhead AM LLC increased its position 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 valued at $1,078,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $250.16 on Tuesday. The business has a 50 day moving average of $246.44 and a 200 day moving average of $247.49. The company has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.29 and a beta of 0.92. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89.

Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results 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. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. During the same quarter in the previous year, the company posted $2.48 EPS. Microsoft’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Microsoft

In other Microsoft 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 value of $269,380.00. Following the completion of the sale, the chief marketing officer now owns 117,362 shares in the company, valued at $31,614,975.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 transaction of $6,139,094.88. Following the transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the transaction, the chief marketing officer now directly owns 117,362 shares in the company, valued at $31,614,975.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,144 shares of company stock worth $6,680,795. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSFT. Rosenblatt Securities decreased their target price on Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Oppenheimer raised their target price on Microsoft from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Piper Sandler raised their target price on Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. DA Davidson lifted their price objective on Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Finally, UBS Group set a $250.00 price objective on Microsoft in a report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.