Microsoft Co. (NASDAQ:MSFT) is S.E.E.D. Planning Group LLC’s 4th Largest Position

S.E.E.D. Planning Group LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,899 shares of the software giant’s stock after purchasing an additional 381 shares during the period. Microsoft comprises approximately 4.0% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 4th biggest holding. S.E.E.D. Planning Group LLC’s holdings in Microsoft were worth $11,129,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MSFT. Neo Ivy Capital Management purchased a new position in shares of Microsoft during the 4th quarter worth approximately $58,000. Richardson Capital Management LLC increased its stake in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Bellevue Group AG increased its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Horizon Financial Services LLC purchased a new stake in Microsoft in the 1st quarter worth approximately $80,000. Finally, Cooksen Wealth LLC purchased a new stake in Microsoft in the 4th quarter worth approximately $86,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $430.59 on Friday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $3.20 trillion, a P/E ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90. The company’s fifty day moving average price is $423.50 and its two-hundred day moving average price is $423.36.

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

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value 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 approximately $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value 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 approximately $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated 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 directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Morgan Stanley lowered their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Citigroup lowered their target price on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. BMO Capital Markets lifted their target price 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, Piper Sandler reiterated an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a report 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’s stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

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.