Microsoft Co. (NASDAQ:MSFT) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,892,162 shares of the software giant’s stock after selling 26,446 shares during the period. Microsoft accounts for 7.9% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Microsoft were worth $850,564,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Neo Ivy Capital Management acquired a new position in shares of Microsoft during the 4th quarter worth approximately $58,000. Richardson Capital Management LLC boosted its position in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the period. PayPay Securities Corp increased its holdings in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the last quarter. Bellevue Group AG raised its position in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Finally, Horizon Financial Services LLC acquired a new stake in shares of Microsoft during the 1st quarter worth about $80,000. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, June 17th. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Tigress Financial lifted their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. Finally, New Street Research started coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price for the company. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Buying and Selling

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

Microsoft Stock Up 0.8 %

Shares of NASDAQ MSFT opened at $430.59 on Friday. The company has a 50 day simple moving average of $423.50 and a 200 day simple moving average of $423.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The firm has a market cap of $3.20 trillion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 2.14 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, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter last year, the firm earned $2.69 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.

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.