Cary Street Partners Investment Advisory LLC Has $35.07 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Cary Street Partners Investment Advisory LLC raised its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 7.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 150,572 shares of the software giant’s stock after acquiring an additional 10,229 shares during the period. Microsoft comprises 2.9% of Cary Street Partners Investment Advisory LLC’s portfolio, making the stock its 2nd biggest position. Cary Street Partners Investment Advisory LLC’s holdings in Microsoft were worth $35,068,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Chilton Capital Management LLC grew its holdings in shares of Microsoft by 1.9% in the 3rd quarter. Chilton Capital Management LLC now owns 284,737 shares of the software giant’s stock valued at $66,315,000 after acquiring an additional 5,327 shares in the last quarter. Clark Financial Services Group Inc. BD bought a new position in Microsoft in the third quarter valued at approximately $2,003,000. Clough Capital Partners L P increased its position in shares of Microsoft by 55.8% during the 3rd quarter. Clough Capital Partners L P now owns 199,387 shares of the software giant’s stock worth $46,437,000 after purchasing an additional 71,390 shares during the last quarter. CNB Bank boosted its holdings in shares of Microsoft by 1.7% in the 3rd quarter. CNB Bank now owns 25,951 shares of the software giant’s stock valued at $6,044,000 after buying an additional 446 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. grew its stake in shares of Microsoft by 1.5% in the third quarter. Mission Creek Capital Partners Inc. now owns 25,209 shares of the software giant’s stock valued at $5,871,000 after buying an additional 369 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the business’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 approximately $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction 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 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. Over the last three months, insiders sold 6,767 shares of company stock worth $1,728,111. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $253.92 on Tuesday. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.28 and a beta of 0.92. The firm has a 50 day simple moving average of $248.99 and a 200 day simple moving average of $245.14.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. During the same period in the prior year, the company earned $2.48 EPS. Microsoft’s revenue was up 2.0% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group set a $250.00 price target on shares of Microsoft in a research report on Wednesday, February 8th. Mizuho raised their target price on shares of Microsoft from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Piper Sandler boosted their price target on Microsoft from $247.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. DA Davidson upped their price objective on Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, Credit Suisse Group set a $285.00 target price on Microsoft in a research note on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $285.58.

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.