Microsoft Co. (NASDAQ:MSFT) Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,932 shares of the software giant’s stock after selling 307 shares during the period. Microsoft comprises 1.4% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 16th largest position. Summit Financial Strategies Inc.’s holdings in Microsoft were worth $8,999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its position in shares of Microsoft by 2.7% during the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after purchasing an additional 5,762,902 shares in the last quarter. Norges Bank acquired a new position in shares of Microsoft during the fourth quarter worth $35,920,047,000. Barclays PLC lifted its position in shares of Microsoft by 9.3% during the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after purchasing an additional 2,456,190 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Microsoft during the fourth quarter worth $9,625,201,000. Finally, Jennison Associates LLC raised its holdings in Microsoft by 1.1% in the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after acquiring an additional 277,881 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MSFT. BMO Capital Markets upped their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Citigroup cut their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group upped their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Raymond James reaffirmed an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a report on Friday, April 26th. Finally, Morgan Stanley boosted their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $463.69.

Check Out Our Latest Report on Microsoft

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now owns 47,255 shares in the company, valued at approximately $19,686,433. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT opened at $427.87 on Tuesday. The firm has a 50-day moving average price of $416.26 and a 200 day moving average price of $403.12. The firm has a market capitalization of $3.18 trillion, a PE ratio of 37.05, a P/E/G ratio of 2.24 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the prior year, the company earned $2.45 EPS. Microsoft’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Company Profile

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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