Microsoft Co. (NASDAQ:MSFT) Shares Sold by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,655 shares of the software giant’s stock after selling 610 shares during the period. Microsoft accounts for about 3.3% of Legal Advantage Investments Inc.’s holdings, making the stock its 6th biggest holding. Legal Advantage Investments Inc.’s holdings in Microsoft were worth $6,177,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BCK Partners Inc. lifted its holdings in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. Sequent Asset Management LLC lifted its holdings in Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC lifted its holdings in Microsoft by 0.8% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Microsoft stock opened at $393.31 on Friday. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35. The stock’s fifty day moving average price is $416.40 and its two-hundred day moving average price is $421.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market cap of $2.92 trillion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results 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 previous year, the company posted $2.93 earnings per share. As a group, research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MSFT shares. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. DA Davidson reiterated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Mizuho cut their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Loop Capital increased 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. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $509.54.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the chief marketing officer now owns 49,352 shares in the company, valued at $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 available at the SEC website. Corporate 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.