Manchester Capital Management LLC Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Feb 28th, 2023

Manchester Capital Management LLC reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,594 shares of the software giant’s stock after selling 156 shares during the period. Microsoft comprises 1.0% of Manchester Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Manchester Capital Management LLC’s holdings in Microsoft were worth $5,728,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSFT. Monumental Financial Group Inc. acquired a new stake in Microsoft during the 1st quarter valued at $28,000. Morgan Dempsey Capital Management LLC acquired a new stake in Microsoft during the 3rd quarter valued at $82,000. Avondale Wealth Management grew its holdings in Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in Microsoft during the 2nd quarter valued at $104,000. Finally, John W. Brooker & Co. CPAs grew its holdings in Microsoft by 64.1% during the 3rd quarter. John W. Brooker & Co. CPAs now owns 512 shares of the software giant’s stock valued at $119,000 after buying an additional 200 shares during the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.4 %

NASDAQ:MSFT opened at $250.16 on Tuesday. The company has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.92. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The stock has a 50-day simple moving average of $246.44 and a 200 day simple moving average of $247.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The business had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.48 earnings per share. Sell-side analysts predict that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the transaction, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the transaction, the executive vice president now directly owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,144 shares of company stock worth $6,680,795. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MSFT shares. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, January 27th. Evercore ISI decreased their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, January 19th. DA Davidson raised their price objective on Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Royal Bank of Canada set a $285.00 price objective on Microsoft in a report on Wednesday, January 25th. Finally, Credit Suisse Group decreased their price objective on Microsoft from $365.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $285.58.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

Manchester Capital Management LLC Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Microsoft Stock Up 0.4 %

Insider Buying and Selling

Wall Street Analysts Forecast Growth

Microsoft Profile

Further Reading

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