Microsoft Co. (NASDAQ:MSFT) Shares Sold by Flower City Capital

Flower City Capital trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,859 shares of the software giant’s stock after selling 38 shares during the period. Microsoft accounts for 0.7% of Flower City Capital’s investment portfolio, making the stock its 12th largest holding. Flower City Capital’s holdings in Microsoft were worth $1,205,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Net Worth Advisory Group purchased a new position in Microsoft in the 3rd quarter valued at about $2,645,000. Oak Ridge Investments LLC lifted its holdings in Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares in the last quarter. Jacobs & Co. CA lifted its holdings in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. DA Davidson reiterated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 3.2 %

Shares of NASDAQ:MSFT opened at $401.02 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35. The company has a 50 day moving average of $417.97 and a two-hundred day moving average of $422.24. The company has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the firm earned $2.93 EPS. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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.