Tennessee Valley Asset Management Partners Has $2.61 Million Position in Microsoft Co. (NASDAQ:MSFT)

Tennessee Valley Asset Management Partners raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,832 shares of the software giant’s stock after purchasing an additional 47 shares during the quarter. Microsoft comprises 0.6% of Tennessee Valley Asset Management Partners’ holdings, making the stock its 24th biggest position. Tennessee Valley Asset Management Partners’ holdings in Microsoft were worth $2,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Neo Ivy Capital Management acquired a new stake in Microsoft during the fourth quarter worth $58,000. Richardson Capital Management LLC raised its holdings in Microsoft by 1,290.0% during 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 during the last quarter. Bellevue Group AG raised its holdings 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 purchasing an additional 58 shares during the last quarter. Horizon Financial Services LLC acquired a new position in shares of Microsoft during the 1st quarter worth about $80,000. Finally, Cooksen Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $86,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on MSFT shares. BMO Capital Markets boosted their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. New Street Research began coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price on the stock. 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, UBS Group reduced their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, 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 can be accessed through this link. In related news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The sale was disclosed in a 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 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 sale, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 over the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.2 %

Shares of Microsoft stock opened at $431.34 on Tuesday. 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 Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The stock has a 50 day moving average price of $422.80 and a two-hundred day moving average price of $423.60. The stock has a market capitalization of $3.21 trillion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its 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. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.69 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 13.04 earnings per share 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.