Bar Harbor Wealth Management Sells 957 Shares of Microsoft Co. (NASDAQ:MSFT)

Bar Harbor Wealth Management lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,591 shares of the software giant’s stock after selling 957 shares during the period. Microsoft makes up approximately 2.6% of Bar Harbor Wealth Management’s holdings, making the stock its 6th biggest position. Bar Harbor Wealth Management’s holdings in Microsoft were worth $38,702,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter worth $35,920,047,000. Vanguard Group Inc. lifted its position in Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after acquiring an additional 15,701,937 shares during the last quarter. Swedbank AB bought a new stake in Microsoft during the first quarter valued at about $5,587,119,000. TCI Fund Management Ltd. bought a new stake in Microsoft during the fourth quarter valued at about $4,000,376,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Microsoft by 77.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction 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 transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.9 %

MSFT opened at $427.00 on Friday. The firm has a market cap of $3.17 trillion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50-day simple moving average is $424.24 and its 200-day simple moving average is $423.09. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35.

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

Analyst Ratings Changes

MSFT has been the subject of several recent analyst reports. Bank of America increased 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. Argus increased their price objective on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Finally, UBS Group decreased their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $494.72.

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.