Microsoft Co. (NASDAQ:MSFT) Holdings Lowered by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,278 shares of the software giant’s stock after selling 1,689 shares during the quarter. Microsoft makes up 3.2% of Mitchell Mcleod Pugh & Williams Inc.’s holdings, making the stock its 6th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Microsoft were worth $15,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Net Worth Advisory Group acquired a new position in shares of Microsoft during the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC increased its stake in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in 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 worth $882,816,000 after acquiring an additional 31,401 shares during the last quarter. Jacobs & Co. CA increased its stake in Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its position 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 worth $32,830,000 after buying an additional 1,489 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MSFT shares. DA Davidson reiterated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a report on Thursday, January 30th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Four research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 3.2 %

Shares of MSFT opened at $401.02 on Thursday. The company has a market capitalization of $2.98 trillion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 has a fifty day moving average of $417.97 and a two-hundred day moving average of $422.24. Microsoft Co. has a fifty-two week low of $381.00 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business posted $2.93 earnings per share. As a group, analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Insider Transactions at Microsoft

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

Microsoft Company 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.