Joseph Group Capital Management Purchases 555 Shares of Microsoft Co. (NASDAQ:MSFT)

Joseph Group Capital Management raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,819 shares of the software giant’s stock after acquiring an additional 555 shares during the period. Microsoft makes up approximately 1.5% of Joseph Group Capital Management’s investment portfolio, making the stock its 20th largest position. Joseph Group Capital Management’s holdings in Microsoft were worth $1,355,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Monumental Financial Group Inc. acquired a new position in Microsoft during the first quarter valued at approximately $28,000. Hanseatic Management Services Inc. raised its position in Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in Microsoft during the second quarter valued at approximately $104,000. Morgan Dempsey Capital Management LLC acquired a new position in Microsoft during the third quarter valued at approximately $82,000. Finally, Avondale Wealth Management raised its position in 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 purchasing an additional 150 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.6 %

NASDAQ:MSFT opened at $256.87 on Tuesday. The firm has a 50-day moving average price of $247.58 and a two-hundred day moving average price of $246.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The firm has a market cap of $1.91 trillion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth 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 (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. During the same quarter last year, the business posted $2.48 EPS. Microsoft’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $31,687,699.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 4,767 shares of the firm’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 transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock worth $1,728,111 in the last quarter. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Raymond James lowered their price target on shares of Microsoft from $280.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. Fundamental Research decreased their price objective on Microsoft from $269.73 to $259.47 and set a “buy” rating for the company in a report on Thursday, February 2nd. Stifel Nicolaus decreased their price objective on Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, January 25th. Jefferies Financial Group set a $310.00 price objective on Microsoft in a report on Monday, February 27th. Finally, Wolfe Research decreased 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.