Resolute Advisors LLC Acquires 4,735 Shares of Microsoft Co. (NASDAQ:MSFT)

Resolute Advisors LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 258.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,568 shares of the software giant’s stock after purchasing an additional 4,735 shares during the period. Microsoft makes up about 0.6% of Resolute Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Resolute Advisors LLC’s holdings in Microsoft were worth $2,768,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Fairway Wealth LLC bought a new position in shares of Microsoft in the fourth quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC bought a new position in Microsoft during the fourth quarter worth about $120,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.5%

Shares of MSFT stock opened at $472.75 on Tuesday. The stock’s fifty day moving average price is $419.01 and its two-hundred day moving average price is $417.09. The company has a market cap of $3.51 trillion, a PE ratio of 38.06, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two 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 announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 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 the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.94 EPS. Equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the transaction, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president now owns 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Microsoft in a report on Wednesday, June 4th. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Bank of America cut their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Cantor Fitzgerald boosted their price target on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Four 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, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $513.59.

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.