TruNorth Capital Management LLC Has $1.34 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

TruNorth Capital Management LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,002 shares of the software giant’s stock after purchasing an additional 351 shares during the period. Microsoft makes up approximately 0.4% of TruNorth Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. TruNorth Capital Management LLC’s holdings in Microsoft were worth $1,342,000 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 the business. Neo Ivy Capital Management acquired a new stake in Microsoft in the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC increased its holdings in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Bellevue Group AG grew its holdings in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the last quarter. Horizon Financial Services LLC bought a new stake in Microsoft during the 1st quarter worth approximately $80,000. Finally, Cooksen Wealth LLC acquired a new position in Microsoft in the 4th quarter valued at approximately $86,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MSFT. New Street Research assumed coverage on shares of Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. UBS Group reduced their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Piper Sandler restated an “overweight” rating and set a $485.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Morgan Stanley reduced their target price on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Argus boosted their price target on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on 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 sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s 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 transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred 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 sale, the insider now 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 190,629 shares of company stock worth $77,916,485 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $430.59 on Monday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The stock’s 50-day simple moving average is $423.50 and its 200 day simple moving average is $423.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced 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. The firm had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 earnings per share. Research analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft 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.