Accordant Advisory Group Inc Sells 1,933 Shares of Microsoft Co. (NASDAQ:MSFT)

Accordant Advisory Group Inc lowered its position in Microsoft Co. (NASDAQ:MSFT) by 37.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,165 shares of the software giant’s stock after selling 1,933 shares during the period. Microsoft makes up approximately 1.3% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 27th biggest holding. Accordant Advisory Group Inc’s holdings in Microsoft were worth $1,415,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MSFT. Neo Ivy Capital Management bought a new stake in Microsoft in the fourth quarter worth about $58,000. Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% in 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 last quarter. Bellevue Group AG raised its stake in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Horizon Financial Services LLC bought a new stake in shares of Microsoft during the first quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $86,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSFT. Bank of America lifted their price target on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Mizuho lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Argus lifted their price target on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Tigress Financial lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on 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 transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $431.34 on Tuesday. The firm 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. 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 company’s fifty day moving average price is $422.80 and its 200-day moving average price is $423.60.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.69 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.04 EPS for the current 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.