Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by Rosenbaum Jay D.

Rosenbaum Jay D. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,946 shares of the software giant’s stock after selling 2,508 shares during the period. Microsoft makes up approximately 8.6% of Rosenbaum Jay D.’s holdings, making the stock its largest position. Rosenbaum Jay D.’s holdings in Microsoft were worth $3,714,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the stock. DGS Capital Management LLC increased its stake in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares in the last quarter. Altus Wealth Group LLC increased its stake in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC increased its stake in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after acquiring an additional 512 shares during the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 1,000 shares of the 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 completion of the sale, the chief marketing officer now owns 117,362 shares in the company, valued at approximately $31,614,975.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the transaction, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at $31,614,975.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock worth $1,728,111 in the last 90 days. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. JPMorgan Chase & Co. set a $305.00 price target on shares of Microsoft and gave the company an “overweight” rating in a report on Wednesday, February 8th. Rosenblatt Securities lowered their price objective on shares of Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Fundamental Research dropped their target price on shares of Microsoft from $269.73 to $259.47 and set a “buy” rating on the stock in a report on Thursday, February 2nd. Jefferies Financial Group set a $310.00 price objective on shares of Microsoft in a research note on Monday, February 27th. Finally, Raymond James reduced 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. 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, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $285.58.

Microsoft Stock Down 0.2 %

Microsoft stock opened at $253.70 on Thursday. The stock has a market cap of $1.89 trillion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The stock has a fifty day moving average of $248.30 and a 200 day moving average of $245.90. 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 (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion during 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 for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.48 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 9.34 EPS for the current year.

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.