Old North State Trust LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 451.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,728 shares of the software giant’s stock after purchasing an additional 64,446 shares during the quarter. Microsoft comprises 2.9% of Old North State Trust LLC’s holdings, making the stock its 6th largest holding. Old North State Trust LLC’s holdings in Microsoft were worth $4,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in MSFT. Nissay Asset Management Corp Japan ADV increased its stake in Microsoft by 6.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock valued at $437,855,000 after purchasing an additional 94,563 shares in the last quarter. Spinnaker Investment Group LLC raised its stake in Microsoft by 2.6% in the 1st quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock worth $3,445,000 after acquiring an additional 305 shares during the last quarter. Kalos Management Inc. purchased a new stake in Microsoft during the 1st quarter valued at about $159,000. Quilter Plc increased its holdings in shares of Microsoft by 1.4% in the fourth quarter. Quilter Plc now owns 844,299 shares of the software giant’s stock valued at $202,480,000 after purchasing an additional 11,563 shares during the period. Finally, Premier Fund Managers Ltd raised its stake in shares of Microsoft by 117.2% in the first quarter. Premier Fund Managers Ltd now owns 85,364 shares of the software giant’s stock worth $24,250,000 after purchasing an additional 46,056 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors.
Microsoft Stock Performance
Shares of Microsoft stock opened at $338.70 on Friday. The firm has a market cap of $2.52 trillion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78. The business’s fifty day simple moving average is $332.29 and its 200-day simple moving average is $312.32.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Microsoft from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. Bank of America upped their target price on Microsoft from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Royal Bank of Canada lifted their price target on Microsoft from $350.00 to $390.00 in a research report on Wednesday, July 26th. Redburn Partners lowered their price objective on Microsoft from $450.00 to $440.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. Finally, Wedbush lifted their target price on shares of Microsoft from $375.00 to $400.00 in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.73.
View Our Latest Report on Microsoft
Insider Buying and Selling
In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,049 shares of company stock valued at $38,195,619. Corporate insiders own 0.03% of the company’s stock.
Microsoft 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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