Microsoft Co. (NASDAQ:MSFT) is Oak Ridge Investments LLC’s 2nd Largest Position

Oak Ridge Investments LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 221,103 shares of the software giant’s stock after selling 6,653 shares during the period. Microsoft comprises 7.8% of Oak Ridge Investments LLC’s holdings, making the stock its 2nd biggest position. Oak Ridge Investments LLC’s holdings in Microsoft were worth $51,495,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MSFT. StoneX Group Inc. grew its stake in shares of Microsoft by 0.5% in the 3rd quarter. StoneX Group Inc. now owns 26,761 shares of the software giant’s stock worth $6,233,000 after buying an additional 135 shares in the last quarter. Schulhoff & Co. Inc. grew its stake in shares of Microsoft by 0.8% in the 3rd quarter. Schulhoff & Co. Inc. now owns 13,224 shares of the software giant’s stock worth $3,079,000 after buying an additional 101 shares in the last quarter. GFG Capital LLC grew its stake in shares of Microsoft by 2.4% in the 3rd quarter. GFG Capital LLC now owns 19,083 shares of the software giant’s stock worth $4,444,000 after buying an additional 443 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Microsoft in the 3rd quarter worth $175,000. Finally, Seascape Capital Management grew its stake in shares of Microsoft by 41.9% in the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after buying an additional 858 shares in the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 2.0 %

NASDAQ MSFT opened at $251.11 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.87 trillion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. The company has a 50 day moving average price of $246.88 and a 200 day moving average price of $247.21. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95.

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 the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. Microsoft’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent research reports. Barclays dropped 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. Piper Sandler lifted their price target on shares of Microsoft from $247.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Stifel Nicolaus dropped their price target on shares of Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Rosenblatt Securities dropped their price target on shares of Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, January 26th. Finally, JPMorgan Chase & Co. set a $305.00 price target on shares of Microsoft and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. One 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’s stock. According to data from MarketBeat.com, Microsoft 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.