Marble Harbor Investment Counsel LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 169,262 shares of the software giant’s stock, valued at approximately $39,421,000. Microsoft accounts for 6.0% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 2nd biggest position.
Several other institutional investors also recently added to or reduced their stakes in the stock. Walled Lake Planning & Wealth Management LLC raised its position in shares of Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after purchasing an additional 38 shares during the last quarter. Financial Advisors Network Inc. raised its position in Microsoft by 1.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after buying an additional 39 shares during the last quarter. Donoghue Forlines LLC raised its position in Microsoft by 1.6% in the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after buying an additional 40 shares during the last quarter. Rovin Capital UT ADV raised its position in Microsoft by 1.1% in the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after buying an additional 40 shares during the last quarter. Finally, Fountainhead AM LLC raised its position in Microsoft by 1.0% in the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after buying an additional 41 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.
Microsoft Stock Performance
NASDAQ:MSFT opened at $250.16 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The stock’s fifty day moving average is $246.44 and its 200 day moving average is $247.49. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The firm has a market capitalization of $1.86 trillion, a PE ratio of 27.80, a PEG ratio of 2.29 and a beta of 0.92.
Analyst Ratings Changes
A number of brokerages have weighed in on MSFT. Macquarie began coverage on Microsoft in a research report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 target price for the company. Jefferies Financial Group set a $310.00 target price on Microsoft in a research report on Monday. Oppenheimer boosted their target price on Microsoft from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Raymond James reduced their price target on shares of Microsoft from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Finally, Rosenblatt Securities reduced their price target on shares of Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.58.
Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,144 shares of company stock valued at $6,680,795. 0.03% of the stock is currently owned by corporate insiders.
About Microsoft
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.
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