Microsoft Co. (NASDAQ:MSFT) is Crossmark Global Holdings Inc.’s 3rd Largest Position

Crossmark Global Holdings Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 409,063 shares of the software giant’s stock after selling 29,783 shares during the period. Microsoft comprises approximately 3.1% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 3rd largest position. Crossmark Global Holdings Inc.’s holdings in Microsoft were worth $172,420,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. BCK Partners Inc. grew its stake in shares of Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after buying an additional 24 shares in the last quarter. Global Wealth Strategies & Associates boosted its stake in shares of Microsoft by 0.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock worth $1,290,000 after purchasing an additional 25 shares during the period. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the period. Sequent Asset Management LLC boosted its stake in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares during the period. Finally, Cypress Point Wealth Management LLC boosted its stake in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MSFT. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. DA Davidson reissued a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $509.54.

Microsoft Price Performance

NASDAQ:MSFT opened at $393.31 on Friday. The business’s 50-day moving average price is $416.40 and its 200 day moving average price is $421.87. The firm has a market cap of $2.92 trillion, a P/E ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the company posted $2.93 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred 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 directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

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.