Microsoft Co. (NASDAQ:MSFT) Stock Position Lowered by Sky Investment Group LLC

Sky Investment Group LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,567 shares of the software giant’s stock after selling 1,234 shares during the period. Microsoft makes up 6.8% of Sky Investment Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Sky Investment Group LLC’s holdings in Microsoft were worth $36,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Amplius Wealth Advisors LLC grew its holdings in Microsoft by 0.9% during the 4th quarter. Amplius Wealth Advisors LLC now owns 11,962 shares of the software giant’s stock valued at $5,042,000 after buying an additional 107 shares in the last quarter. Gemmer Asset Management LLC boosted its position in shares of Microsoft by 1.3% in the fourth quarter. Gemmer Asset Management LLC now owns 13,720 shares of the software giant’s stock valued at $5,783,000 after acquiring an additional 175 shares during the period. Cove Private Wealth LLC grew its stake in Microsoft by 18.6% during the fourth quarter. Cove Private Wealth LLC now owns 29,969 shares of the software giant’s stock valued at $12,632,000 after acquiring an additional 4,696 shares in the last quarter. Zhang Financial LLC increased its holdings in Microsoft by 1.1% during the 4th quarter. Zhang Financial LLC now owns 59,422 shares of the software giant’s stock worth $25,046,000 after acquiring an additional 660 shares during the period. Finally, Guinness Asset Management LTD increased its holdings in Microsoft by 6.0% during the 4th quarter. Guinness Asset Management LTD now owns 554,292 shares of the software giant’s stock worth $233,683,000 after acquiring an additional 31,416 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 1.0 %

Shares of NASDAQ MSFT opened at $396.89 on Friday. The company has a market cap of $2.95 trillion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $417.14 and its 200 day moving average is $422.06. Microsoft Co. has a 52 week low of $381.00 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 in the prior year, the business earned $2.93 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MSFT shares. Piper Sandler restated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

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.