Burgundy Asset Management Ltd. Sells 58,537 Shares of Microsoft Co. (NASDAQ:MSFT)

Burgundy Asset Management Ltd. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,371,383 shares of the software giant’s stock after selling 58,537 shares during the period. Microsoft makes up approximately 4.5% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its largest holding. Burgundy Asset Management Ltd.’s holdings in Microsoft were worth $319,395,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MSFT. Monumental Financial Group Inc. bought a new position in Microsoft during the first quarter valued at about $28,000. Hanseatic Management Services Inc. boosted its position in shares of Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares during the period. Morgan Dempsey Capital Management LLC acquired a new position in shares of Microsoft in the 3rd quarter valued at $82,000. Avondale Wealth Management boosted its position in shares of Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the period. Finally, Grayhawk Investment Strategies Inc. acquired a new position in shares of Microsoft in the 2nd quarter valued at $104,000. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

MSFT opened at $248.59 on Monday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The stock’s 50 day moving average price is $248.71 and its two-hundred day moving average price is $245.32. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping 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 company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same quarter last year, the firm earned $2.48 EPS. Microsoft’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Microsoft Co. will post 9.34 earnings per share for the current year.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction on Monday, February 13th. The shares were 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 directly owns 116,362 shares in the company, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a $305.00 price target on Microsoft and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Raymond James decreased their price target on Microsoft from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Citigroup increased their price target on Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a research report on Wednesday, January 25th. BMO Capital Markets lowered Microsoft from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. Finally, Evercore ISI decreased their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $285.58.

Microsoft Company Profile

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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.