MassMutual Private Wealth & Trust FSB Sells 1,308 Shares of Microsoft Co. (NASDAQ:MSFT)

MassMutual Private Wealth & Trust FSB lowered its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 377,308 shares of the software giant's stock after selling 1,308 shares during the period. Microsoft makes up about 4.5% of MassMutual Private Wealth & Trust FSB's portfolio, making the stock its 2nd largest position. MassMutual Private Wealth & Trust FSB's holdings in Microsoft were worth $159,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Net Worth Advisory Group acquired a new position in shares of Microsoft in the third quarter worth about $2,645,000. Oak Ridge Investments LLC boosted its position in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Microsoft by 1.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant's stock valued at $882,816,000 after purchasing an additional 31,401 shares during the last quarter. Jacobs & Co. CA grew its holdings in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant's stock valued at $41,318,000 after purchasing an additional 880 shares during the period. Finally, Focus Financial Network Inc. lifted its holdings in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock valued at $32,830,000 after acquiring an additional 1,489 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. StockNews.com lowered Microsoft from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Friday, January 24th. Wedbush reaffirmed an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Morgan Stanley dropped their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday, January 30th. Finally, Mizuho reduced their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.96.

Microsoft Stock Performance

NASDAQ MSFT traded down $4.13 during trading hours on Thursday, hitting $396.89. The company had a trading volume of 23,268,830 shares, compared to its average volume of 23,118,146. The firm has a market cap of $2.95 trillion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The business has a fifty day simple moving average of $417.97 and a 200-day simple moving average of $422.24. Microsoft Co. has a fifty-two week low of $381.00 and a fifty-two week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company earned $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm's stock in a transaction 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 transaction, the chief marketing officer now directly owns 49,352 shares of the company's stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

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.