Microsoft Co. (NASDAQ:MSFT) Shares Bought by J.Safra Asset Management Corp

J.Safra Asset Management Corp lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 46.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,487 shares of the software giant’s stock after acquiring an additional 2,056 shares during the quarter. Microsoft accounts for about 0.3% of J.Safra Asset Management Corp’s holdings, making the stock its 24th biggest position. J.Safra Asset Management Corp’s holdings in Microsoft were worth $2,899,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSFT. Rebalance LLC grew its holdings in Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after acquiring an additional 24 shares in the last quarter. Innova Wealth Partners lifted its position in shares of Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after purchasing an additional 25 shares during the last quarter. Arkansas Financial Group Inc. grew its stake in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares in the last quarter. Partnership Wealth Management LLC increased its holdings in Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after buying an additional 25 shares during the last quarter. Finally, Doheny Asset Management CA increased its holdings in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of MSFT opened at $427.00 on Friday. The firm’s 50 day moving average is $424.24 and its 200-day moving average is $423.09. The stock has a market capitalization of $3.17 trillion, a P/E ratio of 36.97, a P/E/G ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup dropped their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Bank of America raised their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. TD Cowen raised their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Macquarie increased their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last 90 days. 0.03% of the stock is owned by company insiders.

Microsoft Company Profile

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.