Microsoft Co. (NASDAQ:MSFT) is Trivant Custom Portfolio Group LLC’s 3rd Largest Position

Trivant Custom Portfolio Group LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 19,945 shares of the software giant’s stock after acquiring an additional 29 shares during the quarter. Microsoft makes up approximately 5.5% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 3rd biggest position. Trivant Custom Portfolio Group LLC’s holdings in Microsoft were worth $8,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Bayesian Capital Management LP increased its position in Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares during the period. Warren Street Wealth Advisors LLC increased its holdings in Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after buying an additional 956 shares during the period. Czech National Bank increased its holdings in Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after buying an additional 5,253 shares during the period. True Link Financial Advisors LLC raised its stake in Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after buying an additional 2,264 shares in the last quarter. Finally, United Advisor Group LLC purchased a new stake in Microsoft during the fourth quarter worth $9,538,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

NASDAQ:MSFT opened at $427.00 on Friday. The firm’s fifty day moving average is $424.24 and its two-hundred day moving average is $423.09. 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. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, June 17th. TD Cowen increased their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Piper Sandler restated an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Oppenheimer raised their target price on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. 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. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were 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 directly owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the 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 owns 544,847 shares in the company, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.