D L Carlson Investment Group Inc. lessened its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 6.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 77,293 shares of the software giant’s stock after selling 5,329 shares during the period. Microsoft makes up about 5.1% of D L Carlson Investment Group Inc.’s holdings, making the stock its 2nd largest position. D L Carlson Investment Group Inc.’s holdings in Microsoft were worth $22,284,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter worth about $28,000. Gleason Group Inc. raised its position in shares of Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares in the last quarter. Syverson Strege & Co raised its position in shares of Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after acquiring an additional 124 shares in the last quarter. MayTech Global Investments LLC purchased a new stake in shares of Microsoft in the 4th quarter worth approximately $83,000. Finally, Beutel Goodman & Co Ltd. boosted its stake in Microsoft by 57.5% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Oppenheimer reiterated an “outperform” rating and issued a $410.00 target price on shares of Microsoft in a research report on Friday, July 28th. Royal Bank of Canada boosted their price objective on Microsoft from $350.00 to $390.00 in a research note on Wednesday, July 26th. Rosenblatt Securities boosted their price objective on Microsoft from $310.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Microsoft from $340.00 to $380.00 in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.68.
Insiders Place Their Bets
In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Kathleen T. Hogan sold 26,815 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares in the company, valued at $64,941,369.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,049 shares of company stock valued at $38,195,619. 0.03% of the stock is currently owned by corporate insiders.
Microsoft Trading Down 1.8 %
MSFT stock opened at $331.77 on Wednesday. The company has a fifty day moving average price of $332.33 and a two-hundred day moving average price of $312.15. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The business had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. Microsoft’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 earnings per share. Equities analysts anticipate that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Company Profile
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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