Home Federal Bank of Tennessee Has $6.76 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Home Federal Bank of Tennessee boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,115 shares of the software giant’s stock after acquiring an additional 100 shares during the period. Microsoft makes up approximately 2.1% of Home Federal Bank of Tennessee’s investment portfolio, making the stock its 5th largest holding. Home Federal Bank of Tennessee’s holdings in Microsoft were worth $6,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Neo Ivy Capital Management bought a new stake in Microsoft during the 4th quarter worth approximately $58,000. Richardson Capital Management LLC boosted its holdings in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the period. PayPay Securities Corp increased its position in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares in the last quarter. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the period. Finally, Horizon Financial Services LLC bought a new stake in Microsoft in the 1st quarter valued at $80,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MSFT shares. Piper Sandler reiterated an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. BMO Capital Markets increased their price objective on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Bank of America boosted their target price on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Macquarie raised their price target on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, TD Cowen boosted their price objective on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $494.72.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.8 %

Shares of NASDAQ:MSFT opened at $430.59 on Friday. The stock has a market cap of $3.20 trillion, a PE ratio of 37.28, a P/E/G ratio of 2.14 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The business has a 50 day moving average of $423.50 and a 200-day moving average of $423.25.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period in the prior year, the firm posted $2.69 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current year.

About Microsoft

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.