Microsoft Co. (NASDAQ:MSFT) Shares Sold by Ervin Investment Management LLC

Ervin Investment Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 35,611 shares of the software giant’s stock after selling 1,037 shares during the period. Microsoft comprises 9.9% of Ervin Investment Management LLC’s portfolio, making the stock its 2nd biggest position. Ervin Investment Management LLC’s holdings in Microsoft were worth $15,010,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSFT. Geode Capital Management LLC raised its stake in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after purchasing an additional 652,493 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock worth $16,104,959,000 after purchasing an additional 406,940 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $401.02 on Thursday. 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 Co. has a twelve month low of $381.00 and a twelve month high of $468.35. The company has a market cap of $2.98 trillion, a P/E ratio of 32.29, a P/E/G ratio of 2.21 and a beta of 0.92. The business has a fifty day simple moving average of $417.97 and a 200 day simple moving average of $422.24.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSFT shares. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Morgan Stanley dropped their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus boosted 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. DA Davidson reissued a “neutral” rating and set a $425.00 target price on shares of Microsoft in a report on Thursday, January 30th. Finally, Loop Capital boosted 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. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the 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 completion of the transaction, the chief marketing officer now directly 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 Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by corporate insiders.

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.