McElhenny Sheffield Capital Management LLC Sells 1,402 Shares of Microsoft Co. (NASDAQ:MSFT)

McElhenny Sheffield Capital Management LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,907 shares of the software giant’s stock after selling 1,402 shares during the quarter. Microsoft accounts for approximately 1.5% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. McElhenny Sheffield Capital Management LLC’s holdings in Microsoft were worth $4,597,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the period. IFS Advisors LLC boosted its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the period. Quarry LP acquired a new stake in Microsoft during the 2nd quarter worth $45,000. Avondale Wealth Management grew its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $437.32, for a total transaction of $874,640.00. Following the sale, the chief marketing officer now directly owns 51,852 shares in the company, valued at approximately $22,675,916.64. This represents a 3.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $388.49 on Tuesday. The business has a 50 day simple moving average of $419.75 and a 200-day simple moving average of $422.59. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 earned $2.93 EPS. As a group, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Mizuho cut their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday. Finally, Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Four investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $510.96.

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.