1858 Wealth Management LLC Has $6.82 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

1858 Wealth Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,261 shares of the software giant’s stock after acquiring an additional 150 shares during the quarter. Microsoft comprises approximately 5.7% of 1858 Wealth Management LLC’s holdings, making the stock its largest position. 1858 Wealth Management LLC’s holdings in Microsoft were worth $6,821,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the period. Neo Ivy Capital Management bought a new stake in Microsoft during the 4th quarter valued at approximately $58,000. Bellevue Group AG boosted its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Horizon Financial Services LLC bought a new stake in Microsoft during the 1st quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC bought a new stake in Microsoft during the 4th quarter valued at approximately $86,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.2 %

Shares of MSFT opened at $431.34 on Tuesday. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.14 and a beta of 0.90. 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 business’s fifty day moving average price is $422.80 and its two-hundred day moving average price is $423.60. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group decreased their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Citigroup cut their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Tigress Financial upped their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction 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 sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction 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 sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold 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 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.