Priebe Wealth Holdings LLC Has $934,000 Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Priebe Wealth Holdings LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,091 shares of the software giant’s stock after selling 64 shares during the period. Microsoft comprises about 0.7% of Priebe Wealth Holdings LLC’s investment portfolio, making the stock its 20th biggest holding. Priebe Wealth Holdings LLC’s holdings in Microsoft were worth $934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after acquiring an additional 3,078,099 shares during the last quarter. Norges Bank bought a new position in shares of Microsoft during the 4th quarter valued at $35,920,047,000. Capital International Investors lifted its stake in shares of Microsoft by 1.0% in the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after purchasing an additional 842,884 shares during the last quarter. Jennison Associates LLC boosted 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 worth $9,591,126,000 after purchasing an additional 277,881 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after buying an additional 403,409 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.9 %

NASDAQ MSFT opened at $427.00 on Friday. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The company 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 stock’s 50 day moving average is $424.24 and its two-hundred day moving average is $423.09. 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 (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. 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 firm earned $2.69 EPS. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on MSFT shares. TD Cowen upped their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Tigress Financial upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. BMO Capital Markets boosted their price objective on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 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 company. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $494.72.

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.