Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lowered by City Holding Co.

City Holding Co. reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,758 shares of the software giant’s stock after selling 3,568 shares during the period. Microsoft comprises 3.2% of City Holding Co.’s holdings, making the stock its 3rd biggest position. City Holding Co.’s holdings in Microsoft were worth $22,659,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. WFA Asset Management Corp boosted its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its holdings in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares in the last quarter. Argent Trust Co boosted its holdings in Microsoft by 2.0% during the second quarter. Argent Trust Co now owns 277,466 shares of the software giant’s stock worth $124,014,000 after buying an additional 5,365 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Microsoft by 2.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 270,546 shares of the software giant’s stock worth $120,921,000 after buying an additional 5,903 shares in the last quarter. Finally, Tredje AP fonden boosted its holdings in Microsoft by 10.9% during the second quarter. Tredje AP fonden now owns 1,832,885 shares of the software giant’s stock worth $819,208,000 after buying an additional 179,700 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSFT. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Morgan Stanley reduced their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, DA Davidson restated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $510.96.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction 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 transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.0 %

Shares of MSFT opened at $388.61 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35. The firm has a 50-day moving average price of $418.73 and a 200 day moving average price of $422.36. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) 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 last year, the company earned $2.93 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

About Microsoft

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.