Bromfield Sneider Wealth Advisors lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 59.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444 shares of the software giant’s stock after selling 658 shares during the period. Bromfield Sneider Wealth Advisors’ holdings in Microsoft were worth $114,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of MSFT. Vanguard Group Inc. raised its stake in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. State Street Corp raised its stake in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares in the last quarter. Geode Capital Management LLC raised its stake in Microsoft by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after buying an additional 3,027,306 shares in the last quarter. Norges Bank bought a new position in Microsoft in the fourth quarter worth approximately $24,401,940,000. Finally, Nuveen Asset Management LLC increased its position in shares of Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after purchasing an additional 584,273 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on MSFT. Morgan Stanley reduced their price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. UBS Group set a $330.00 target price on shares of Microsoft in a research note on Thursday. Rosenblatt Securities cut their price objective on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. Itaú Unibanco assumed coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Finally, KeyCorp lowered their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) 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 last year, the business posted $2.17 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 10.14 EPS for the current year.
Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.05% of the company’s stock.
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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