Steward Partners Investment Solutions LLC Purchases New Shares in Microsoft Co. (NASDAQ:MSFT)

Steward Partners Investment Solutions LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,444 shares of the software giant’s stock, valued at approximately $10,320,000. Microsoft accounts for approximately 4.3% of Steward Partners Investment Solutions LLC’s holdings, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Financial Security Advisor Inc. raised its stake in Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares during the period. Gunderson Capital Management Inc. raised its holdings in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC lifted its stake in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares during the last quarter. RNC Capital Management LLC boosted its holdings in Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Finally, Clarity Financial LLC increased its position in Microsoft by 4.9% during the fourth quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock worth $21,399,000 after buying an additional 2,681 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock worth $10,877,535 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.9 %

MSFT stock opened at $427.87 on Tuesday. The business has a fifty day moving average of $416.26 and a 200-day moving average of $403.12. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.18 trillion, a P/E ratio of 37.05, a PEG ratio of 2.24 and a beta of 0.89. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter last year, the firm earned $2.45 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Analyst Ratings Changes

MSFT has been the topic of a number of analyst reports. Evercore ISI increased their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Morgan Stanley raised their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. New Street Research started coverage on shares of Microsoft in a research report on Monday. They set a “buy” rating and a $570.00 target price for the company. Macquarie raised their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Raymond James restated an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $463.69.

View Our Latest Report on MSFT

Microsoft Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.