Trueblood Wealth Management LLC Purchases 213 Shares of Microsoft Co. (NASDAQ:MSFT)

Trueblood Wealth Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,831 shares of the software giant’s stock after acquiring an additional 213 shares during the quarter. Microsoft accounts for about 2.9% of Trueblood Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Trueblood Wealth Management LLC’s holdings in Microsoft were worth $5,830,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mechanics Bank Trust Department raised its holdings in Microsoft by 1.2% in the fourth quarter. Mechanics Bank Trust Department now owns 74,626 shares of the software giant’s stock valued at $31,455,000 after acquiring an additional 897 shares in the last quarter. Seilern Investment Management Ltd acquired a new stake in Microsoft in the fourth quarter valued at approximately $174,273,000. Diversify Advisory Services LLC raised its holdings in Microsoft by 1.4% in the fourth quarter. Diversify Advisory Services LLC now owns 92,795 shares of the software giant’s stock valued at $38,877,000 after acquiring an additional 1,293 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in Microsoft by 35.7% in the fourth quarter. Diversify Wealth Management LLC now owns 44,834 shares of the software giant’s stock valued at $18,783,000 after acquiring an additional 11,803 shares in the last quarter. Finally, Terra Nova Asset Management LLC raised its holdings in Microsoft by 9.6% in the fourth quarter. Terra Nova Asset Management LLC now owns 13,712 shares of the software giant’s stock valued at $5,780,000 after acquiring an additional 1,197 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $388.61 on Wednesday. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35. The company’s fifty day moving average is $418.73 and its two-hundred day moving average is $422.36. 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 (NASDAQ:MSFT) last released its quarterly earnings results 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 in the prior year, the firm posted $2.93 earnings per share. Analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research analyst reports. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. DA Davidson reissued a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, UBS Group cut their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s 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 of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.