TCW Group Inc. Acquires 101,899 Shares of Microsoft Co. (NASDAQ:MSFT)

TCW Group Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,414,251 shares of the software giant’s stock after purchasing an additional 101,899 shares during the quarter. Microsoft comprises about 5.6% of TCW Group Inc.’s investment portfolio, making the stock its 2nd biggest position. TCW Group Inc.’s holdings in Microsoft were worth $632,100,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSFT. Neo Ivy Capital Management acquired a new position in Microsoft in the fourth quarter worth about $58,000. Richardson Capital Management LLC boosted its position in shares of 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 buying an additional 129 shares during the period. Bellevue Group AG boosted its position 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 buying an additional 58 shares during the period. Horizon Financial Services LLC acquired a new position in shares of Microsoft during the first quarter worth approximately $80,000. Finally, Cooksen Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter worth approximately $86,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSFT. BMO Capital Markets boosted their price objective on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. New Street Research initiated coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price on the stock. Wells Fargo & Company boosted their target price on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Finally, Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 17,378 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.2 %

Microsoft stock opened at $431.34 on Tuesday. The company’s fifty day simple moving average is $422.80 and its 200-day simple moving average is $423.60. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The stock has a market cap 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.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

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.