Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Reliant Investment Management LLC

Reliant Investment Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,442 shares of the software giant’s stock after buying an additional 347 shares during the quarter. Microsoft makes up approximately 2.7% of Reliant Investment Management LLC’s holdings, making the stock its 15th largest holding. Reliant Investment Management LLC’s holdings in Microsoft were worth $6,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft during the 3rd quarter valued at approximately $2,645,000. Oak Ridge Investments LLC grew its stake in shares of Microsoft by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Microsoft by 1.6% in 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 purchasing an additional 31,401 shares in the last quarter. Jacobs & Co. CA boosted 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 valued at $41,318,000 after buying an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. boosted its stake in 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 buying an additional 1,489 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MSFT. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. DA Davidson reaffirmed a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday. UBS Group lowered their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Morgan Stanley reduced their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $509.54.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on 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 sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $393.31 on Friday. 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 company has a market cap of $2.92 trillion, a P/E ratio of 31.67, a P/E/G ratio of 2.21 and a beta of 0.92. The firm’s fifty day moving average is $416.40 and its two-hundred day moving average is $421.87. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 period in the prior year, the firm posted $2.93 EPS. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

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.