Portside Wealth Group LLC Has $19.75 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Portside Wealth Group LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,197 shares of the software giant’s stock after selling 2,004 shares during the quarter. Microsoft comprises 3.8% of Portside Wealth Group LLC’s investment portfolio, making the stock its 3rd largest holding. Portside Wealth Group LLC’s holdings in Microsoft were worth $19,754,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bayesian Capital Management LP lifted its holdings in Microsoft by 60.1% in the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC lifted its holdings in Microsoft by 16.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after purchasing an additional 956 shares during the last quarter. Czech National Bank lifted its holdings in Microsoft by 0.4% in the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after purchasing an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC lifted its holdings in Microsoft by 296.7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after purchasing an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC acquired a new stake in Microsoft in the 4th quarter worth approximately $9,538,000. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MSFT shares. Tigress Financial upped their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Argus upped 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. Mizuho upped their price target on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Wedbush reiterated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Finally, Oppenheimer upped their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated 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 owns 496,369 shares in the company, valued at $203,784,292.95. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $430.59 on Monday. The stock’s fifty day moving average is $423.50 and its 200-day moving average is $423.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $3.20 trillion, a PE ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its 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. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.69 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.04 EPS 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.