Microsoft Co. (NASDAQ:MSFT) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,914 shares of the software giant’s stock after acquiring an additional 6,801 shares during the quarter. Microsoft comprises approximately 1.9% of J.W. Cole Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. J.W. Cole Advisors Inc.’s holdings in Microsoft were worth $28,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. KB Financial Partners LLC raised its position in shares of Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after purchasing an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC raised its position in shares of Microsoft by 0.9% in the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after purchasing an additional 37 shares during the period. Strategic Asset Management LLC raised its position in shares of Microsoft by 5.9% in the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after purchasing an additional 37 shares during the period. Virginia Wealth Management Group Inc. raised its position in shares of Microsoft by 0.3% in the first quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after purchasing an additional 37 shares during the period. Finally, Northwest Wealth Management LLC raised its position in shares of Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after purchasing an additional 37 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSFT. Itau BBA Securities started coverage on shares of Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Citigroup decreased their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Redburn Partners started coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target for the company. Piper Sandler reduced their price objective on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Microsoft Trading Down 0.3 %

Shares of MSFT opened at $244.74 on Friday. The company’s fifty day moving average is $269.27 and its 200 day moving average is $274.38. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The stock has a market capitalization of $1.83 trillion, a PE ratio of 25.39, a P/E/G ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Sell-side analysts expect that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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