Courier Capital LLC Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Courier Capital LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,994 shares of the software giant’s stock after selling 220 shares during the quarter. Microsoft makes up about 2.4% of Courier Capital LLC’s investment portfolio, making the stock its 5th largest holding. Courier Capital LLC’s holdings in Microsoft were worth $21,621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Titleist Asset Management LLC bought a new position in Microsoft in the 1st quarter worth $3,258,000. Border to Coast Pensions Partnership Ltd lifted its position in shares of Microsoft by 16.8% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 795,710 shares of the software giant’s stock valued at $229,403,000 after acquiring an additional 114,248 shares in the last quarter. Harvest Portfolios Group Inc. boosted its stake in shares of Microsoft by 10.0% in the first quarter. Harvest Portfolios Group Inc. now owns 130,692 shares of the software giant’s stock worth $37,679,000 after acquiring an additional 11,888 shares during the period. Crake Asset Management LLP purchased a new stake in shares of Microsoft during the first quarter worth about $19,914,000. Finally, Centaurus Financial Inc. raised its stake in Microsoft by 3.8% during the 1st quarter. Centaurus Financial Inc. now owns 52,078 shares of the software giant’s stock valued at $15,014,000 after purchasing an additional 1,904 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president now owns 198,373 shares in the company, valued at $64,941,369.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the completion of 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. In the last three months, insiders sold 115,049 shares of company stock valued at $38,195,619. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore ISI increased their price objective on shares of Microsoft from $337.00 to $400.00 in a report on Friday, June 2nd. Wells Fargo & Company boosted their price target on shares of Microsoft from $380.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. The Goldman Sachs Group raised their price objective on Microsoft from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Guggenheim reiterated a “sell” rating and issued a $232.00 target price on shares of Microsoft in a research report on Thursday, July 20th. Finally, Credit Suisse Group raised their price target on Microsoft from $350.00 to $420.00 in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.68.

Microsoft Stock Up 1.3 %

Shares of Microsoft stock opened at $336.06 on Thursday. Microsoft Co. has a 1 year low of $213.43 and a 1 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. The stock has a market cap of $2.50 trillion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.43 and a beta of 0.90. The firm’s 50-day moving average is $332.33 and its two-hundred day moving average is $312.15.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.14. The company had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $2.23 earnings per share. As a group, research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.

Microsoft 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.