Mirabaud & Cie SA Trims Position in Microsoft Co. (NASDAQ:MSFT)

Mirabaud & Cie SA reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,431 shares of the software giant’s stock after selling 8,838 shares during the quarter. Microsoft accounts for approximately 11.7% of Mirabaud & Cie SA’s portfolio, making the stock its 2nd largest holding. Mirabaud & Cie SA’s holdings in Microsoft were worth $36,431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp grew its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Beck Bode LLC grew its stake in shares of Microsoft by 37.3% in the second quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock worth $17,856,000 after purchasing an additional 10,847 shares during the last quarter. Lavaca Capital LLC grew its stake in shares of Microsoft by 1.1% in the second quarter. Lavaca Capital LLC now owns 7,062 shares of the software giant’s stock worth $3,156,000 after purchasing an additional 74 shares during the last quarter. Finally, Kowal Investment Group LLC grew its stake in shares of Microsoft by 4.6% in the second quarter. Kowal Investment Group LLC now owns 17,848 shares of the software giant’s stock worth $7,977,000 after purchasing an additional 781 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on MSFT shares. Morgan Stanley cut their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. DA Davidson restated a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, UBS Group lowered their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a 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, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.54.

Microsoft Price Performance

Shares of MSFT opened at $393.31 on Friday. The company has a market capitalization of $2.92 trillion, a P/E ratio of 31.67, a price-to-earnings-growth 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 has a 50 day moving average of $416.40 and a 200 day moving average of $421.87. Microsoft Co. has a twelve month low of $381.00 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 company earned $2.93 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction 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 Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

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.