TriaGen Wealth Management LLC Reduces Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

TriaGen Wealth Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,849 shares of the software giant’s stock after selling 74 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Microsoft were worth $2,167,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bayesian Capital Management LP boosted its stake in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after buying an additional 18,200 shares during the period. Warren Street Wealth Advisors LLC boosted its stake in Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after buying an additional 956 shares during the period. Czech National Bank boosted its stake in Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after buying an additional 5,253 shares during the period. True Link Financial Advisors LLC boosted its stake in Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after buying an additional 2,264 shares during the period. Finally, United Advisor Group LLC purchased a new position in Microsoft during the fourth quarter worth about $9,538,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on 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 transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Microsoft news, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on 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 directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $430.59 on Friday. The firm’s fifty day moving average price is $423.50 and its 200 day moving average price is $423.36. Microsoft Co. has a 1-year low of $309.45 and a 1-year 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 cap of $3.20 trillion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period last year, the firm posted $2.69 EPS. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Tigress Financial increased their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Piper Sandler reissued an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, June 17th. Finally, New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft 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.