Microsoft Co. (NASDAQ:MSFT) is Mogy Joel R Investment Counsel Inc.’s 3rd Largest Position

Mogy Joel R Investment Counsel Inc. decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,829 shares of the software giant’s stock after selling 410 shares during the quarter. Microsoft makes up 7.3% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 3rd largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Microsoft were worth $123,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Exchange Bank raised its holdings in shares of Microsoft by 1.8% in the 4th quarter. Exchange Bank now owns 9,676 shares of the software giant’s stock valued at $4,078,000 after purchasing an additional 169 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of Microsoft by 38.2% in the 4th quarter. Atomi Financial Group Inc. now owns 86,370 shares of the software giant’s stock worth $36,405,000 after buying an additional 23,868 shares during the last quarter. Great Waters Wealth Management grew its position in shares of Microsoft by 4.4% in the 4th quarter. Great Waters Wealth Management now owns 5,353 shares of the software giant’s stock worth $2,256,000 after buying an additional 225 shares during the last quarter. Monterey Private Wealth Inc. grew its position in shares of Microsoft by 5.0% in the 4th quarter. Monterey Private Wealth Inc. now owns 14,745 shares of the software giant’s stock worth $6,215,000 after buying an additional 701 shares during the last quarter. Finally, Capricorn Fund Managers Ltd grew its position in shares of Microsoft by 20.9% in the 4th quarter. Capricorn Fund Managers Ltd now owns 11,080 shares of the software giant’s stock worth $4,707,000 after buying an additional 1,916 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of analyst reports. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research 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 research note on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Finally, Loop Capital increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $509.54.

Microsoft Trading Down 0.9 %

Shares of MSFT stock 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 stock 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 50 day moving average price of $416.40 and a 200 day moving average price of $421.87. Microsoft Co. has a fifty-two week low of $381.00 and a fifty-two week high of $468.35.

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, beating 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 previous year, the company earned $2.93 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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 transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

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.