Microsoft Co. (NASDAQ:MSFT) is Old Port Advisors’ Largest Position

Old Port Advisors lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,841 shares of the software giant’s stock after acquiring an additional 539 shares during the quarter. Microsoft accounts for about 4.4% of Old Port Advisors’ holdings, making the stock its biggest position. Old Port Advisors’ holdings in Microsoft were worth $14,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MSFT. Neo Ivy Capital Management acquired a new position in Microsoft during the fourth quarter worth about $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 raised its position 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 during the last quarter. Horizon Financial Services LLC purchased a new stake in Microsoft in the 1st quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC acquired a new stake in Microsoft during the 4th quarter valued at $86,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $430.59 on Monday. The company 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 company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The business has a 50-day moving average of $423.50 and a 200-day moving average of $423.47.

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

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. Argus boosted their price target on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Tigress Financial boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Morgan Stanley reduced their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Mizuho lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, New Street Research assumed coverage on shares of Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CMO Takeshi Numoto sold 2,500 shares of the 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 transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 in the last quarter. Company insiders own 0.03% of the company’s stock.

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.