Meridian Financial LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,242 shares of the software giant's stock after selling 700 shares during the period. Microsoft makes up approximately 2.1% of Meridian Financial LLC's holdings, making the stock its 12th largest position. Meridian Financial LLC's holdings in Microsoft were worth $3,053,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC lifted its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Quarry LP purchased a new stake in Microsoft during the 2nd quarter valued at $45,000. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the third quarter worth $62,000. 71.13% of the stock is owned by institutional investors.
Microsoft Price Performance
Shares of MSFT stock traded down $6.61 during trading hours on Friday, hitting $390.28. The stock had a trading volume of 11,043,063 shares, compared to its average volume of 22,833,184. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $2.90 trillion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a one year low of $381.00 and a one year high of $468.35. The stock's 50-day moving average price is $417.14 and its two-hundred day moving average price is $422.06.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business posted $2.93 EPS. Equities analysts forecast 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 company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.
Analyst Ratings Changes
MSFT has been the topic of several recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research report on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Finally, UBS Group dropped 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. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $509.54.
View Our Latest Analysis on MSFT
About Microsoft
(
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 licensed on-premises, and other office services.
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