Broderick Brian C Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Broderick Brian C lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,558 shares of the software giant’s stock after purchasing an additional 1,732 shares during the period. Microsoft comprises about 4.5% of Broderick Brian C’s investment portfolio, making the stock its 4th biggest position. Broderick Brian C’s holdings in Microsoft were worth $22,996,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Geode Capital Management LLC lifted its position in Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock valued at $70,720,874,000 after acquiring an additional 3,103,212 shares during the period. Norges Bank purchased a new position in Microsoft during the 4th quarter valued at about $44,343,058,000. Charles Schwab Investment Management Inc. lifted its position in Microsoft by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant’s stock valued at $20,675,715,000 after acquiring an additional 1,823,579 shares during the period. Finally, Franklin Resources Inc. lifted its position in Microsoft by 3.7% during the 4th quarter. Franklin Resources Inc. now owns 39,829,031 shares of the software giant’s stock valued at $16,787,934,000 after acquiring an additional 1,408,374 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MSFT shares. Cantor Fitzgerald raised their price objective on shares of Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Piper Sandler restated an “overweight” rating on shares of Microsoft in a research note on Wednesday, May 21st. Wedbush restated an “outperform” rating on shares of Microsoft in a research note on Wednesday, May 21st. Finally, Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $513.59.

Microsoft Stock Up 0.5%

NASDAQ MSFT opened at $472.75 on Tuesday. The stock has a fifty day moving average of $419.01 and a 200-day moving average of $417.09. The stock has a market capitalization of $3.51 trillion, a P/E ratio of 38.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the company earned $2.94 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last three months. Corporate insiders own 0.03% of the company’s stock.

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.