Tarbox Family Office Inc. Lowers Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Tarbox Family Office Inc. lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,147 shares of the software giant’s stock after selling 36 shares during the quarter. Microsoft makes up about 0.6% of Tarbox Family Office Inc.’s holdings, making the stock its 20th largest holding. Tarbox Family Office Inc.’s holdings in Microsoft were worth $3,855,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. WFA Asset Management Corp boosted its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its stake in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the period. Beck Bode LLC boosted its stake in Microsoft by 37.3% during the 2nd quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock worth $17,856,000 after purchasing an additional 10,847 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Microsoft by 4.0% in the 2nd quarter. Pacer Advisors Inc. now owns 725,845 shares of the software giant’s stock worth $324,416,000 after acquiring an additional 28,211 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Microsoft by 6.2% in the 2nd quarter. Sei Investments Co. now owns 5,644,918 shares of the software giant’s stock valued at $2,522,995,000 after purchasing an additional 331,203 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MSFT. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Stifel Nicolaus cut their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday. Finally, DA Davidson restated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $509.54.

Microsoft Stock Down 0.9 %

MSFT opened at $393.31 on Friday. The company has a fifty day moving average price of $416.40 and a 200-day moving average price of $421.87. The firm has a market capitalization of $2.92 trillion, a P/E ratio of 31.67, 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 current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its 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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm earned $2.93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

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.