Kidder Stephen W Has $14.87 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Kidder Stephen W raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,270 shares of the software giant’s stock after purchasing an additional 101 shares during the period. Microsoft accounts for 4.5% of Kidder Stephen W’s portfolio, making the stock its 6th largest position. Kidder Stephen W’s holdings in Microsoft were worth $14,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. WFA Asset Management Corp boosted its holdings in 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 purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in 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 purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its holdings in 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 purchasing an additional 2,138 shares during the last quarter. United Bank boosted its holdings in 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 purchasing an additional 730 shares during the last quarter. Finally, Goldstream Capital Management Ltd boosted its holdings in 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 purchasing an additional 5,349 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Jefferies Financial Group lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Barclays lifted their price target on shares of Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Piper Sandler reiterated an “overweight” rating on shares of Microsoft in a research note on Wednesday, May 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Microsoft in a research note on Wednesday, June 4th. Four investment 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 a consensus rating of “Moderate Buy” and an average target price of $513.59.

Microsoft Stock Up 0.5%

NASDAQ MSFT opened at $472.75 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company’s 50 day simple moving average is $419.01 and its 200 day simple moving average is $417.09. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $473.43. 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.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the business earned $2.94 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares of the company’s stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

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.