Microsoft Co. (NASDAQ:MSFT) is Haverford Trust Co’s 2nd Largest Position

Haverford Trust Co lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,323,818 shares of the software giant’s stock after acquiring an additional 736 shares during the period. Microsoft accounts for about 4.2% of Haverford Trust Co’s investment portfolio, making the stock its 2nd largest holding. Haverford Trust Co’s holdings in Microsoft were worth $308,317,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter valued at approximately $28,000. Hanseatic Management Services Inc. increased its position in Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new position in Microsoft during the 3rd quarter valued at approximately $82,000. Avondale Wealth Management increased its position in Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares in the last quarter. Finally, Grayhawk Investment Strategies Inc. bought a new position in Microsoft during the 2nd quarter valued at approximately $104,000. Institutional investors own 69.15% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. Jefferies Financial Group set a $310.00 target price on Microsoft in a research note on Monday, February 27th. BMO Capital Markets downgraded Microsoft from an “outperform” rating to a “market perform” rating and cut their target price for the company from $267.00 to $265.00 in a research note on Wednesday, January 25th. They noted that the move was a valuation call. DA Davidson increased their target price on Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, Piper Sandler increased their target price on Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $285.58.

Insider Buying and Selling at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock worth $1,728,111 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.5 %

Shares of NASDAQ:MSFT opened at $248.59 on Friday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The business has a 50 day simple moving average of $248.71 and a two-hundred day simple moving average of $245.53. The firm has a market capitalization of $1.85 trillion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The business had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. During the same quarter in the previous year, the business earned $2.48 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post 9.34 EPS for the current year.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.