Thoroughbred Financial Services LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Thoroughbred Financial Services LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,237 shares of the software giant’s stock after selling 1,204 shares during the quarter. Microsoft accounts for approximately 3.4% of Thoroughbred Financial Services LLC’s investment portfolio, making the stock its 3rd biggest holding. Thoroughbred Financial Services LLC’s holdings in Microsoft were worth $54,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Microsoft in the fourth quarter valued at about $44,343,058,000. Proficio Capital Partners LLC raised its position in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares during the period. Vanguard Group Inc. grew its stake in shares of Microsoft by 1.5% in the fourth 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 in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft 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 transaction of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at $21,647,150.58. This represents a 2.08% decrease in their position. 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 the stock in a transaction that occurred on 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 transaction, the insider now directly owns 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. Raymond James upped their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Scotiabank upped their price target on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. Barclays increased their price objective 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. Finally, Jefferies Financial Group increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $513.59.

Microsoft Price Performance

NASDAQ:MSFT opened at $472.75 on Tuesday. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.43. The company has a quick ratio of 1.34, a current ratio of 1.35 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 P/E/G ratio of 2.21 and a beta of 1.03. The stock’s fifty day moving average is $419.01 and its two-hundred day moving average is $417.09.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the business earned $2.94 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

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.