Bowman & Co S.C. Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Bowman & Co S.C. increased its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,365 shares of the software giant’s stock after purchasing an additional 37 shares during the quarter. Microsoft makes up 3.1% of Bowman & Co S.C.’s holdings, making the stock its 5th largest position. Bowman & Co S.C.’s holdings in Microsoft were worth $6,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after acquiring an additional 652,493 shares during the period. International Assets Investment Management LLC raised its holdings in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after acquiring an additional 406,940 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSFT shares. Loop Capital raised their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total transaction of $874,640.00. Following the completion of the sale, the chief marketing officer now directly owns 51,852 shares of the company’s stock, valued at approximately $22,675,916.64. This represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Microsoft Stock Down 2.1 %

Shares of Microsoft stock opened at $388.49 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The firm’s 50-day moving average is $419.75 and its two-hundred day moving average is $422.59. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the business posted $2.93 EPS. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share 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.