FLC Capital Advisors Trims Position in Microsoft Co. (NASDAQ:MSFT)

FLC Capital Advisors reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,969 shares of the software giant's stock after selling 899 shares during the quarter. Microsoft comprises about 1.9% of FLC Capital Advisors' investment portfolio, making the stock its 12th biggest position. FLC Capital Advisors' holdings in Microsoft were worth $8,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Geode Capital Management LLC grew its position in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock worth $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSFT. UBS Group reduced their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. Stifel Nicolaus upped their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Finally, Wedbush reiterated an "outperform" rating and set a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $510.96.

Microsoft Price Performance

NASDAQ MSFT traded down $4.13 during trading hours on Thursday, reaching $396.89. The company's stock had a trading volume of 23,268,830 shares, compared to its average volume of 23,118,146. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $381.00 and a 1-year high of $468.35. The company's 50-day moving average is $417.97 and its two-hundred day moving average is $422.24. The firm has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business posted $2.93 EPS. On average, equities analysts predict that Microsoft Co. will post 13.08 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.