Microsoft Co. (NASDAQ:MSFT) Shares Bought by Manchester Financial Inc.

Manchester Financial Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 17.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,898 shares of the software giant’s stock after purchasing an additional 1,299 shares during the period. Microsoft makes up about 1.0% of Manchester Financial Inc.’s holdings, making the stock its 18th largest holding. Manchester Financial Inc.’s holdings in Microsoft were worth $3,977,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bayesian Capital Management LP lifted its stake in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC raised its stake in shares of Microsoft by 16.5% in 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 acquiring an additional 956 shares in the last quarter. Czech National Bank raised its stake in shares of Microsoft by 0.4% in the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after acquiring an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC raised its stake in shares of Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares in the last quarter. Finally, United Advisor Group LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at $9,538,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Microsoft news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 over the last quarter. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Macquarie increased their price objective on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley reduced their price objective on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Mizuho increased their price objective on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Wedbush restated an “outperform” rating and issued a $550.00 price target 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Stock Performance

NASDAQ MSFT opened at $427.00 on Friday. 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 Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The business’s 50-day moving average price is $424.24 and its 200 day moving average price is $423.09. The firm has a market cap of $3.17 trillion, a P/E ratio of 36.97, a P/E/G ratio of 2.03 and a beta of 0.90.

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

About Microsoft

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.