Gilman Hill Asset Management LLC Sells 130 Shares of Microsoft Co. (NASDAQ:MSFT)

Gilman Hill Asset Management LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,225 shares of the software giant’s stock after selling 130 shares during the period. Gilman Hill Asset Management LLC’s holdings in Microsoft were worth $5,996,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Net Worth Advisory Group bought a new stake in shares of Microsoft during the 3rd quarter worth $2,645,000. Oak Ridge Investments LLC raised its position in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after purchasing an additional 31,401 shares during the period. Jacobs & Co. CA raised its position in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after purchasing an additional 880 shares during the period. Finally, Focus Financial Network Inc. raised its position in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MSFT shares. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Loop Capital lifted their target price 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, UBS Group decreased their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Stock Performance

NASDAQ:MSFT opened at $388.61 on Wednesday. The firm’s fifty day moving average price is $418.73 and its 200 day moving average price is $422.36. Microsoft Co. has a 1-year low of $381.00 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $2.93 EPS. On average, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft 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.