Genesee Capital Advisors LLC Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

Genesee Capital Advisors LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,949 shares of the software giant’s stock after selling 216 shares during the period. Microsoft makes up about 1.7% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Genesee Capital Advisors LLC’s holdings in Microsoft were worth $3,553,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MSFT. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter worth $35,920,047,000. Vanguard Group Inc. boosted its stake in shares of Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares during the last quarter. Swedbank AB purchased a new position in shares of Microsoft in the 1st quarter worth $5,587,119,000. TCI Fund Management Ltd. purchased a new position in shares of Microsoft in the 4th quarter worth $4,000,376,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after buying an additional 2,744,900 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the topic of a number of research reports. Tigress Financial raised their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Morgan Stanley dropped their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Bank of America raised their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Citigroup decreased their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Wells Fargo & Company raised their target price on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $494.72.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 0.2 %

Shares of NASDAQ MSFT opened at $431.34 on Tuesday. The business’s 50 day moving average is $422.80 and its two-hundred day moving average is $423.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The stock has a market capitalization of $3.21 trillion, a P/E ratio of 37.35, a PEG ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share 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 company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, research analysts expect that Microsoft Co. will post 13.04 EPS for the current 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.