Financial Freedom LLC Sells 56 Shares of Microsoft Co. (NASDAQ:MSFT)

Financial Freedom LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,859 shares of the software giant’s stock after selling 56 shares during the period. Microsoft accounts for approximately 1.1% of Financial Freedom LLC’s holdings, making the stock its 28th largest holding. Financial Freedom LLC’s holdings in Microsoft were worth $2,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its position in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. Quarry LP bought a new position in shares of Microsoft in the 2nd quarter worth $45,000. IFS Advisors LLC boosted its position in shares of Microsoft by 53.8% in 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 last quarter. Avondale Wealth Management boosted its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the 3rd quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $388.61 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock’s 50-day simple moving average is $418.73 and its 200 day simple moving average is $422.36. The company has a market cap of $2.89 trillion, a P/E ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 company earned $2.93 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MSFT. Stifel Nicolaus raised their price target on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. DA Davidson reiterated a “neutral” rating and set a $425.00 target price on shares of Microsoft in a report on Thursday, January 30th. Finally, UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Four 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 company has a consensus rating of “Moderate Buy” and an average price target of $510.96.

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.