McGlone Suttner Wealth Management Inc. Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

McGlone Suttner Wealth Management Inc. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,580 shares of the software giant’s stock after selling 662 shares during the period. Microsoft accounts for about 1.8% of McGlone Suttner Wealth Management Inc.’s portfolio, making the stock its 11th largest position. McGlone Suttner Wealth Management Inc.’s holdings in Microsoft were worth $6,517,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter worth approximately $35,920,047,000. Vanguard Group Inc. grew its position in shares of Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares during the last quarter. Swedbank AB purchased a new position in shares of Microsoft in the 1st quarter worth approximately $5,587,119,000. TCI Fund Management Ltd. purchased a new position in shares of Microsoft in the 4th quarter worth approximately $4,000,376,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after buying an additional 2,744,900 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $431.34 on Tuesday. 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 company has a fifty day moving average of $422.80 and a two-hundred day moving average of $423.60. The stock has a market capitalization of $3.21 trillion, a PE ratio of 37.35, a P/E/G ratio of 2.14 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.

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, topping 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 company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the prior year, the business posted $2.69 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’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 directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on MSFT. Oppenheimer boosted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Citigroup decreased their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Mizuho lifted their price objective on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Piper Sandler restated an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, New Street Research started coverage on shares of Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

About Microsoft

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.