Microsoft Co. (NASDAQ:MSFT) Shares Bought by Whitener Capital Management Inc.

Whitener Capital Management Inc. grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,682 shares of the software giant’s stock after purchasing an additional 2,093 shares during the period. Microsoft makes up 5.8% of Whitener Capital Management Inc.’s investment portfolio, making the stock its 2nd largest position. Whitener Capital Management Inc.’s holdings in Microsoft were worth $19,077,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Neo Ivy Capital Management acquired a new stake in Microsoft in the 4th quarter valued at approximately $58,000. Richardson Capital Management LLC grew its stake in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares in the last quarter. PayPay Securities Corp raised its holdings in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the period. Bellevue Group AG lifted its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new position in Microsoft during the 1st quarter valued at about $80,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $427.00 on Friday. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The stock has a market capitalization 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 50-day simple moving average of $424.24 and a 200-day simple moving average of $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 (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share 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 company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period last year, the firm earned $2.69 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts predict that Microsoft Co. will post 13.04 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on MSFT. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. BMO Capital Markets raised their price target on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Argus increased their price objective on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. TD Cowen lifted their target price on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Citigroup cut their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Two 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 presently has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated 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 directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

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.