Microsoft Co. (NASDAQ:MSFT) Shares Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,626 shares of the software giant’s stock after acquiring an additional 897 shares during the period. Microsoft comprises 4.2% of Mechanics Bank Trust Department’s investment portfolio, making the stock its 3rd biggest holding. Mechanics Bank Trust Department’s holdings in Microsoft were worth $31,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. Argent Trust Co boosted its holdings in shares of Microsoft by 2.0% in the 2nd quarter. Argent Trust Co now owns 277,466 shares of the software giant’s stock valued at $124,014,000 after buying an additional 5,365 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Microsoft by 2.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 270,546 shares of the software giant’s stock valued at $120,921,000 after buying an additional 5,903 shares in the last quarter. Finally, Tredje AP fonden boosted its holdings in shares of Microsoft by 10.9% in the 2nd quarter. Tredje AP fonden now owns 1,832,885 shares of the software giant’s stock valued at $819,208,000 after buying an additional 179,700 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.0 %

Shares of Microsoft stock opened at $388.61 on Wednesday. The company has a market cap of $2.89 trillion, a P/E ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35. The firm has a fifty day moving average of $418.73 and a two-hundred day moving average of $422.36.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS 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 prior year, the company posted $2.93 earnings per share. On average, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. DA Davidson restated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a report on Thursday, January 30th. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.96.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft 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.