Capital Counsel LLC NY Has $125.90 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Capital Counsel LLC NY boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 540,561 shares of the software giant’s stock after purchasing an additional 3,533 shares during the period. Microsoft comprises approximately 8.1% of Capital Counsel LLC NY’s portfolio, making the stock its 8th largest holding. Capital Counsel LLC NY’s holdings in Microsoft were worth $125,897,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Legal & General Group Plc lifted its stake in Microsoft by 1.5% in the second quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock worth $14,074,064,000 after purchasing an additional 784,656 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Microsoft by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 40,345,546 shares of the software giant’s stock worth $9,396,477,000 after purchasing an additional 215,103 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Microsoft by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock valued at $12,290,246,000 after acquiring an additional 766,487 shares during the period. 69.15% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on 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 owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 1,000 shares of the company’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 sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. 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 over the last quarter. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSFT. Cowen decreased their price objective on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. BMO Capital Markets cut shares of Microsoft from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. Piper Sandler boosted their price objective on shares of Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Wedbush boosted their price objective on shares of Microsoft from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Finally, Citigroup boosted their price target on shares of Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a research report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $285.58.

Microsoft Trading Up 2.1 %

Shares of NASDAQ MSFT opened at $253.92 on Tuesday. The firm’s 50 day moving average price is $248.99 and its 200-day moving average price is $245.14. The company has a market cap of $1.89 trillion, a PE ratio of 28.21, a P/E/G ratio of 2.28 and a beta of 0.92. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95. 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 issued its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 9.34 EPS for the current fiscal year.

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.