Marino Stram & Associates LLC Lowers Stake in Microsoft Co. (NASDAQ:MSFT)

Marino Stram & Associates LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 13.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,184 shares of the software giant’s stock after selling 3,087 shares during the period. Microsoft accounts for about 2.1% of Marino Stram & Associates LLC’s portfolio, making the stock its 9th biggest position. Marino Stram & Associates LLC’s holdings in Microsoft were worth $8,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of MSFT. Norges Bank acquired a new stake in shares of Microsoft in the 4th quarter valued at $35,920,047,000. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares in the last quarter. Swedbank AB acquired a new stake in shares of Microsoft in the 1st quarter valued at $5,587,119,000. TCI Fund Management Ltd. acquired a new stake in shares of Microsoft in the 4th quarter valued at $4,000,376,000. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, 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 transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, 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 transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock valued at $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSFT. BMO Capital Markets raised their price objective on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Tigress Financial raised their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. TD Cowen raised their price objective on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Mizuho raised their price objective on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Two 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Stock Performance

Shares of Microsoft stock opened at $430.59 on Friday. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The firm has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90. The business has a 50-day simple moving average of $423.50 and a 200 day simple moving average of $423.36. 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 (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $64.38 billion. During the same period in the previous year, the company posted $2.69 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

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.