Hurlow Wealth Management Group Inc. Has $10.12 Million Position in Microsoft Co. (NASDAQ:MSFT)

Hurlow Wealth Management Group Inc. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,007 shares of the software giant’s stock after selling 2,496 shares during the quarter. Microsoft makes up approximately 3.2% of Hurlow Wealth Management Group Inc.’s portfolio, making the stock its 8th largest position. Hurlow Wealth Management Group Inc.’s holdings in Microsoft were worth $10,119,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. United Bank lifted its holdings in shares of Microsoft by 4.1% in the third quarter. United Bank now owns 18,378 shares of the software giant’s stock worth $7,908,000 after buying an additional 730 shares in the last quarter. Finally, Goldstream Capital Management Ltd lifted its holdings in shares of Microsoft by 10.3% in the third quarter. Goldstream Capital Management Ltd now owns 57,358 shares of the software giant’s stock worth $24,681,000 after buying an additional 5,349 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. DA Davidson upped their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Citigroup upped their price objective on shares of Microsoft from $480.00 to $540.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Finally, UBS Group decreased their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $513.59.

Microsoft Stock Up 0.5%

MSFT stock opened at $472.75 on Tuesday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $473.43. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.51 trillion, a P/E ratio of 38.06, a PEG ratio of 2.21 and a beta of 1.03. The firm has a 50 day simple moving average of $419.01 and a 200-day simple moving average of $417.09.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the business posted $2.94 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Activity at Microsoft

In related news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. 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 ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.