Bowman & Co S.C. lifted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,184 shares of the software giant’s stock after purchasing an additional 423 shares during the period. Microsoft accounts for about 2.4% of Bowman & Co S.C.’s holdings, making the stock its 9th biggest position. Bowman & Co S.C.’s holdings in Microsoft were worth $2,605,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Monumental Financial Group Inc. purchased a new position in shares of Microsoft in the 1st quarter worth about $28,000. Hanseatic Management Services Inc. raised 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 worth $31,000 after acquiring an additional 55 shares during the period. Morgan Dempsey Capital Management LLC purchased a new position in Microsoft in the third quarter valued at about $82,000. Avondale Wealth Management grew its position in shares of Microsoft by 58.6% during the 3rd 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. Finally, Grayhawk Investment Strategies Inc. purchased a new stake in shares of Microsoft during the 2nd quarter worth approximately $104,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Stock Up 2.1 %
MSFT opened at $253.92 on Tuesday. The business’s fifty day simple moving average is $248.99 and its 200 day simple moving average is $245.14. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The stock 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.
Analyst Ratings Changes
MSFT has been the topic of several research analyst reports. Wolfe Research dropped their price objective on Microsoft from $280.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Barclays cut their price target on Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. Royal Bank of Canada set a $285.00 price objective on Microsoft in a report on Wednesday, January 25th. Guggenheim lowered shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price for the company. in a research report on Tuesday, January 17th. Finally, Credit Suisse Group set a $285.00 target price on shares of Microsoft in a research note on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $285.58.
Insider Buying and Selling at Microsoft
In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the completion of the sale, the chief marketing officer now directly owns 117,362 shares in the company, valued at approximately $31,614,975.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related 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 value of $269,380.00. Following the transaction, 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 SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock worth $1,728,111 over the last ninety days. Insiders own 0.03% of the company’s stock.
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.
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