Microsoft Co. (NASDAQ:MSFT) Shares Bought by Hofer & Associates. Inc

Hofer & Associates. Inc lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,076 shares of the software giant’s stock after acquiring an additional 105 shares during the period. Microsoft accounts for approximately 1.4% of Hofer & Associates. Inc’s portfolio, making the stock its 24th biggest holding. Hofer & Associates. Inc’s holdings in Microsoft were worth $1,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new stake in shares of Microsoft during the 4th quarter valued at $58,000. Richardson Capital Management LLC increased its stake in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the last quarter. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Horizon Financial Services LLC acquired a new position in shares of Microsoft in the 1st quarter valued at about $80,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of Microsoft during the 4th quarter worth about $86,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSFT shares. Morgan Stanley lowered their target price on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Tigress Financial lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Wells Fargo & Company upped their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. TD Cowen lifted their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

MSFT stock opened at $430.59 on Monday. The firm has a 50 day moving average of $423.50 and a two-hundred day moving average of $423.47. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a market capitalization of $3.20 trillion, a price-to-earnings 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 (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.69 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

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.