Investment Advisory Services Inc. TX ADV Lowers Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Investment Advisory Services Inc. TX ADV reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 4.2% during the 2nd quarter, Holdings Channel reports. The fund owned 54,419 shares of the software giant’s stock after selling 2,366 shares during the period. Microsoft makes up about 8.9% of Investment Advisory Services Inc. TX ADV’s investment portfolio, making the stock its 2nd largest position. Investment Advisory Services Inc. TX ADV’s holdings in Microsoft were worth $24,323,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of 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. Over the last 90 days, insiders have sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $427.00 on Friday. The firm has a market cap of $3.17 trillion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. The firm’s fifty day moving average is $424.24 and its 200-day moving average is $423.09. 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 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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 company 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%. Microsoft’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MSFT. Citigroup lowered their target price on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Oppenheimer raised their target price 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 reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Argus lifted their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Two research 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 has an average rating of “Moderate Buy” and an average price target of $494.72.

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.