Eagle Wealth Strategies LLC Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Eagle Wealth Strategies LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% during the second quarter, Holdings Channel.com reports. The fund owned 5,450 shares of the software giant’s stock after purchasing an additional 116 shares during the period. Microsoft accounts for about 2.0% of Eagle Wealth Strategies LLC’s holdings, making the stock its 6th biggest holding. Eagle Wealth Strategies LLC’s holdings in Microsoft were worth $2,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Saxon Interests Inc. increased its stake in shares of Microsoft by 0.7% during the second quarter. Saxon Interests Inc. now owns 14,367 shares of the software giant’s stock valued at $6,421,000 after acquiring an additional 100 shares during the period. Foster Victor Wealth Advisors LLC grew its position in Microsoft by 3.1% in the second quarter. Foster Victor Wealth Advisors LLC now owns 44,998 shares of the software giant’s stock worth $20,228,000 after buying an additional 1,354 shares during the last quarter. Hofer & Associates. Inc grew its position in Microsoft by 2.6% in the second quarter. Hofer & Associates. Inc now owns 4,076 shares of the software giant’s stock worth $1,822,000 after buying an additional 105 shares during the last quarter. Gradient Investments LLC grew its position in Microsoft by 8.7% in the second quarter. Gradient Investments LLC now owns 194,618 shares of the software giant’s stock worth $86,985,000 after buying an additional 15,575 shares during the last quarter. Finally, Timber Creek Capital Management LLC grew its position in Microsoft by 0.9% in the second quarter. Timber Creek Capital Management LLC now owns 38,760 shares of the software giant’s stock worth $17,324,000 after buying an additional 332 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MSFT. Piper Sandler restated an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. New Street Research began coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. Tigress Financial lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Finally, Citigroup lowered their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Stock Up 0.2 %

MSFT opened at $431.34 on Tuesday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The company has a market capitalization of $3.21 trillion, a P/E ratio of 37.35, a P/E/G ratio of 2.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s fifty day moving average price is $422.80 and its two-hundred day moving average price is $423.60.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 35.95% and a net margin of 35.96%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 EPS. On average, analysts anticipate that Microsoft Co. will post 13.04 EPS for the current 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.