Microsoft Co. (NASDAQ:MSFT) Shares Sold by Summit Financial Group Inc.

Summit Financial Group Inc. cut its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,678 shares of the software giant’s stock after selling 350 shares during the quarter. Microsoft comprises 3.4% of Summit Financial Group Inc.’s holdings, making the stock its biggest position. Summit Financial Group Inc.’s holdings in Microsoft were worth $8,907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Norges Bank bought a new stake in Microsoft in the 4th quarter valued at approximately $24,401,940,000. Aaron Wealth Advisors LLC lifted its stake in Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares in the last quarter. State Street Corp lifted its stake in Microsoft by 2.8% in the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after acquiring an additional 8,108,943 shares in the last quarter. Vanguard Group Inc. lifted its stake in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in Microsoft in the 4th quarter valued at approximately $11,872,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

MSFT opened at $244.74 on Monday. The firm has a market cap of $1.83 trillion, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The business’s fifty day moving average is $268.81 and its 200-day moving average is $273.85.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results 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 period last year, the business earned $2.17 EPS. Sell-side analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction on Monday, September 12th. The stock was 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 in the company, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the SEC, which is available through this link. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MSFT shares. Deutsche Bank Aktiengesellschaft cut their target price on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Wedbush dropped their price objective on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Rosenblatt Securities dropped their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Jefferies Financial Group set a $320.00 price objective on Microsoft in a research note on Tuesday, September 6th. Finally, UBS Group set a $330.00 price objective on Microsoft in a research note on Thursday. Two investment 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, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.

Microsoft Company Profile

(Get Rating)

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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