Somerville Kurt F Has $27.28 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Somerville Kurt F cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,730 shares of the software giant’s stock after selling 85 shares during the period. Microsoft makes up approximately 4.6% of Somerville Kurt F’s holdings, making the stock its 4th biggest position. Somerville Kurt F’s holdings in Microsoft were worth $27,284,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management raised its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. Fairway Wealth LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Microsoft in the 4th quarter worth about $120,000. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

MSFT stock 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 business has a 50 day simple moving average of $419.01 and a 200-day simple moving average of $417.09. The firm has a market capitalization of $3.51 trillion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $473.43.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Raymond James increased their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Piper Sandler reissued an “overweight” rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Barclays increased their price objective on shares of Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $513.59.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the firm’s 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 directly owns 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now directly owns 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last ninety days. 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.