Hillcrest Wealth Advisors NY LLC Sells 76 Shares of Microsoft Co. (NASDAQ:MSFT)

Hillcrest Wealth Advisors NY LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 9.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 728 shares of the software giant’s stock after selling 76 shares during the quarter. Hillcrest Wealth Advisors NY LLC’s holdings in Microsoft were worth $325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Vanguard Group Inc. increased its stake in shares of 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 buying an additional 3,078,099 shares during the period. Norges Bank bought a new position in Microsoft in the fourth quarter worth approximately $35,920,047,000. Capital International Investors lifted its holdings in shares of Microsoft by 1.0% in the first 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 in the last quarter. Jennison Associates LLC increased its position in shares of Microsoft by 1.1% during the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after acquiring an additional 277,881 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock valued at $9,544,532,000 after acquiring an additional 403,409 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 in the company, valued at $219,349,953.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Bradford L. Smith sold 40,000 shares of the business’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 value of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $430.59 on Monday. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $423.50 and its two-hundred day simple moving average is $423.47. The stock has a market cap of $3.20 trillion, a PE ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping 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 company had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the business posted $2.69 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. As a group, analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. TD Cowen upped their target price on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Tigress Financial boosted their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Two research 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 company 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.