HNP Capital LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 7.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,087 shares of the software giant’s stock after selling 1,299 shares during the period. Microsoft accounts for about 1.2% of HNP Capital LLC’s investment portfolio, making the stock its 16th biggest holding. HNP Capital LLC’s holdings in Microsoft were worth $4,349,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the 1st quarter worth about $28,000. Gleason Group Inc. increased its stake in shares of Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares in the last quarter. Syverson Strege & Co increased its stake in shares of Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after acquiring an additional 124 shares in the last quarter. MayTech Global Investments LLC bought a new position in shares of Microsoft in the 4th quarter worth about $83,000. Finally, Beutel Goodman & Co Ltd. increased its stake in shares of Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares in the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on MSFT. UBS Group upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the stock from $345.00 to $400.00 in a research note on Friday, July 14th. JPMorgan Chase & Co. increased their price target on shares of Microsoft from $350.00 to $385.00 in a research note on Wednesday, July 19th. Barclays increased their price target on shares of Microsoft from $336.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. BMO Capital Markets raised their price objective on shares of Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Finally, DA Davidson raised their price objective on shares of Microsoft from $350.00 to $415.00 in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $373.68.
Insider Activity at Microsoft
In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,049 shares of company stock worth $38,195,619. 0.03% of the stock is owned by corporate insiders.
Microsoft Stock Performance
MSFT opened at $336.06 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.50 trillion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.43 and a beta of 0.90. The company’s 50 day moving average is $332.33 and its 200 day moving average is $312.15. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. The firm had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.23 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 10.9 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.
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