Tsfg LLC Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Tsfg LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,691 shares of the software giant’s stock after buying an additional 179 shares during the quarter. Microsoft makes up about 1.1% of Tsfg LLC’s investment portfolio, making the stock its 26th largest holding. Tsfg LLC’s holdings in Microsoft were worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. GPS Wealth Strategies Group LLC grew its position in shares of Microsoft by 1.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 60,768 shares of the software giant’s stock worth $27,160,000 after buying an additional 1,006 shares in the last quarter. Addenda Capital Inc. boosted its holdings in Microsoft by 1.0% in the second quarter. Addenda Capital Inc. now owns 96,422 shares of the software giant’s stock worth $43,096,000 after purchasing an additional 922 shares during the period. ORG Partners LLC boosted its holdings in Microsoft by 2,297.6% in the second quarter. ORG Partners LLC now owns 16,783 shares of the software giant’s stock worth $7,668,000 after purchasing an additional 16,083 shares during the period. Hendley & Co. Inc. boosted its holdings in Microsoft by 3.5% in the second quarter. Hendley & Co. Inc. now owns 54,122 shares of the software giant’s stock worth $24,190,000 after purchasing an additional 1,813 shares during the period. Finally, Steele Capital Management Inc. boosted its holdings in Microsoft by 1.6% in the second quarter. Steele Capital Management Inc. now owns 14,435 shares of the software giant’s stock worth $6,452,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MSFT shares. Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Oppenheimer lifted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Price Performance

Shares of Microsoft stock opened at $414.20 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $425.67 and its two-hundred day moving average price is $423.06. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The stock has a market cap of $3.08 trillion, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the previous year, the business earned $2.69 earnings per share. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on 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 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. Over the last three months, insiders have sold 130,751 shares of company stock worth $53,628,156. 0.03% of the stock is owned by corporate insiders.

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.