Pine Haven Investment Counsel Inc Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Pine Haven Investment Counsel Inc trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,871 shares of the software giant’s stock after selling 93 shares during the period. Microsoft makes up approximately 10.3% of Pine Haven Investment Counsel Inc’s investment portfolio, making the stock its largest holding. Pine Haven Investment Counsel Inc’s holdings in Microsoft were worth $12,591,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Net Worth Advisory Group acquired a new position in shares of Microsoft during the third quarter valued at $2,645,000. Oak Ridge Investments LLC increased its holdings in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares during the period. Jacobs & Co. CA increased its holdings in shares of Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares during the period. Finally, Focus Financial Network Inc. increased its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 0.0 %

MSFT stock opened at $388.61 on Wednesday. The company has a 50 day moving average of $418.73 and a two-hundred day moving average of $422.36. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business earned $2.93 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Loop Capital lifted their target price on 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. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $510.96.

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.