Archford Capital Strategies LLC Has $20.80 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Archford Capital Strategies LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,526 shares of the software giant’s stock after buying an additional 881 shares during the period. Microsoft accounts for 3.4% of Archford Capital Strategies LLC’s investment portfolio, making the stock its 4th biggest position. Archford Capital Strategies LLC’s holdings in Microsoft were worth $20,795,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Tanglewood Legacy Advisors LLC boosted its holdings in Microsoft by 8.5% in the 2nd quarter. Tanglewood Legacy Advisors LLC now owns 3,106 shares of the software giant’s stock worth $1,388,000 after buying an additional 244 shares during the period. Manchester Financial Inc. boosted its holdings in Microsoft by 17.1% in the 2nd quarter. Manchester Financial Inc. now owns 8,898 shares of the software giant’s stock worth $3,977,000 after buying an additional 1,299 shares during the period. J.Safra Asset Management Corp lifted its stake in Microsoft by 46.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 6,487 shares of the software giant’s stock worth $2,899,000 after purchasing an additional 2,056 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in Microsoft by 37.2% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 9,145 shares of the software giant’s stock worth $4,087,000 after purchasing an additional 2,480 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its stake in Microsoft by 2.8% in the 2nd quarter. Red Door Wealth Management LLC now owns 51,119 shares of the software giant’s stock worth $22,848,000 after purchasing an additional 1,377 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Up 0.9 %

Shares of MSFT opened at $427.00 on Friday. The firm’s 50-day moving average price is $424.24 and its 200-day moving average price is $423.09. The firm has a market capitalization of $3.17 trillion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.03 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 EPS. Sell-side analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MSFT. Macquarie increased their target price on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley lowered their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. New Street Research began coverage on shares of Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. UBS Group lowered their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Activity

In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,629 shares of company stock valued at $77,916,485. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

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.