Renaissance Investment Group LLC Has $20.94 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Renaissance Investment Group LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 49,670 shares of the software giant’s stock after selling 1,171 shares during the quarter. Microsoft comprises about 4.4% of Renaissance Investment Group LLC’s portfolio, making the stock its 4th largest position. Renaissance Investment Group LLC’s holdings in Microsoft were worth $20,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. My Legacy Advisors LLC lifted its stake in Microsoft by 2.0% in the 4th quarter. My Legacy Advisors LLC now owns 19,159 shares of the software giant’s stock valued at $8,168,000 after buying an additional 376 shares in the last quarter. Liberty One Investment Management LLC raised its holdings in shares of Microsoft by 3.4% in the 4th quarter. Liberty One Investment Management LLC now owns 51,179 shares of the software giant’s stock valued at $21,572,000 after buying an additional 1,673 shares during the period. SeaTown Holdings Pte. Ltd. boosted its position in Microsoft by 4.8% in the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 23,485 shares of the software giant’s stock valued at $9,899,000 after buying an additional 1,080 shares during the period. Kelly Financial Services LLC grew its holdings in Microsoft by 1.5% during the 4th quarter. Kelly Financial Services LLC now owns 4,455 shares of the software giant’s stock worth $1,878,000 after acquiring an additional 66 shares in the last quarter. Finally, Cadinha & Co. LLC boosted its holdings in Microsoft by 0.7% in the fourth quarter. Cadinha & Co. LLC now owns 53,524 shares of the software giant’s stock valued at $22,560,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Stifel Nicolaus raised their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Down 2.1 %

Shares of MSFT opened at $388.49 on Tuesday. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. The company has a market capitalization of $2.89 trillion, a P/E ratio of 31.28, a PEG ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business’s 50 day simple moving average is $419.75 and its 200-day simple moving average is $422.59.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

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.