Hamel Associates Inc. Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Hamel Associates Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,618 shares of the software giant’s stock after selling 275 shares during the quarter. Microsoft makes up 2.8% of Hamel Associates Inc.’s investment portfolio, making the stock its 9th largest holding. Hamel Associates Inc.’s holdings in Microsoft were worth $7,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Monumental Financial Group Inc. acquired a new stake in Microsoft in the 1st quarter worth approximately $28,000. Hanseatic Management Services Inc. grew its position in Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in Microsoft in the second quarter worth $104,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of Microsoft during the third quarter valued at $82,000. Finally, Avondale Wealth Management lifted its stake in shares of Microsoft by 58.6% during the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MSFT shares. Citigroup increased their price target on Microsoft from $280.00 to $282.00 and gave the stock a “buy” rating in a report on Wednesday, January 25th. Rosenblatt Securities dropped their price target on Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, January 26th. Wolfe Research dropped their price objective on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Jefferies Financial Group set a $310.00 price objective on Microsoft in a research report on Monday, February 27th. Finally, UBS Group set a $250.00 target price on Microsoft in a report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $285.58.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the transaction, the chief marketing officer now owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,767 shares of company stock worth $1,728,111. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.7 %

Shares of NASDAQ:MSFT opened at $255.29 on Monday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company’s 50 day moving average is $247.21 and its two-hundred day moving average is $246.31. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.90 trillion, a PE ratio of 28.37, a P/E/G ratio of 2.34 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly 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. The firm 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%. Microsoft’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 EPS. Equities analysts predict that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Microsoft 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.