Barnes Pettey Financial Advisors LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

Barnes Pettey Financial Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,782 shares of the software giant’s stock after acquiring an additional 281 shares during the quarter. Microsoft accounts for about 2.6% of Barnes Pettey Financial Advisors LLC’s investment portfolio, making the stock its 9th largest position. Barnes Pettey Financial Advisors LLC’s holdings in Microsoft were worth $3,031,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Richardson Capital Management LLC increased its stake in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Microsoft during the 4th quarter valued at about $58,000. Bellevue Group AG increased its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Horizon Financial Services LLC bought a new position in shares of Microsoft during the 1st quarter valued at about $80,000. Finally, Cooksen Wealth LLC bought a new position in shares of Microsoft during the 4th quarter valued at about $86,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. Mizuho increased their price objective on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Argus increased their price objective on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Citigroup reduced their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, TD Cowen increased their price objective on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

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 PEG 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. The business has a 50 day moving average of $422.80 and a 200-day moving average of $423.60. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the company earned $2.69 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the transaction, the executive vice president now directly owns 150,161 shares in the company, valued at approximately $61,843,807.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,629 shares of company stock valued at $77,916,485. 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.