The position of Microsoft Co. (NASDAQ:MSFT) was increased by Barnes Pettey Financial Advisors LLC

Barnes Pettey Financial Advisors LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,782 shares of the software giant’s stock after purchasing an additional 281 shares during the period. Microsoft comprises about 2.6% of Barnes Pettey Financial Advisors LLC’s investment portfolio, making the stock its 9th largest position. Barnes Pettey Financial Advisors LLC’s holdings in Microsoft were worth $3,031,000 as of most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rebalance LLC raised its position in Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after acquiring an additional 24 shares in the last quarter. Innova Wealth Partners increased its position in Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after acquiring an additional 25 shares in the last quarter. Arkansas Financial Group Inc. raised its position in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after acquiring an additional 25 shares in the last quarter. Partnership Wealth Management LLC raised its position in Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after acquiring an additional 25 shares in the last quarter. Finally, Doheny Asset Management CA grew its position in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the shares are currently held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

Several brokerages have commented on MSFT. Oppenheimer boosted their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Tigress Financial boosted their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. New Street Research assumed coverage on Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target for the company. Citigroup cut their price target on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, UBS Group cut their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72, according to MarketBeat.com.

Check out our latest research report on Microsoft

Indoor activity

In other news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, CEO Satya Nadella sold 78,353 shares of the 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 completion of the transaction, 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 have sold 190,629 shares of company stock worth $77,916,485. Company insiders hold 0.03% of the company’s stock.

Microsoft trading rose 0.2%

Microsoft stock opened at $431.34 on Tuesday. The stock has a 50-day moving average of $422.80 and a two-hundred-day moving average of $423.60. 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. it has a one year low of $309.45 and a one year high of $468.35. The stock has a market cap 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 – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period last year, the business posted earnings per share of $2.69. The company’s revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft profile

(Free report)

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 on-premises licensing, and other office services.

See Also

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