ERn Financial LLC Buys 187 Shares of Microsoft Co. (NASDAQ:MSFT)

ERn Financial LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,435 shares of the software giant’s stock after buying an additional 187 shares during the quarter. ERn Financial LLC’s holdings in Microsoft were worth $5,558,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new position in shares of Microsoft in the fourth quarter valued at $58,000. Richardson Capital Management LLC boosted its holdings in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the period. Bellevue Group AG grew its stake in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the last quarter. Horizon Financial Services LLC bought a new position in Microsoft in the 1st quarter valued at about $80,000. Finally, Cooksen Wealth LLC acquired a new stake in Microsoft during the fourth quarter worth approximately $86,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 0.2 %

MSFT opened at $431.34 on Tuesday. The stock has a market cap of $3.21 trillion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The company has a fifty day moving average of $422.80 and a 200-day moving average of $423.60.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 13.04 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Wells Fargo & Company boosted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. TD Cowen raised their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Morgan Stanley dropped their price target on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Tigress Financial increased their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

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.