Ervin Investment Management LLC Sells 1,037 Shares of Microsoft Co. (NASDAQ:MSFT)

Ervin Investment Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,611 shares of the software giant's stock after selling 1,037 shares during the period. Microsoft makes up approximately 9.9% of Ervin Investment Management LLC's investment portfolio, making the stock its 2nd largest holding. Ervin Investment Management LLC's holdings in Microsoft were worth $15,010,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Link Financial Advisors LLC raised its holdings in Microsoft by 18.0% during the fourth quarter. True Link Financial Advisors LLC now owns 3,829 shares of the software giant's stock worth $1,614,000 after purchasing an additional 585 shares in the last quarter. BlueSky Wealth Advisors LLC increased its position in shares of Microsoft by 2.6% during the 4th quarter. BlueSky Wealth Advisors LLC now owns 2,393 shares of the software giant's stock valued at $1,008,000 after purchasing an additional 61 shares during the period. Strong Tower Advisory Services raised its stake in shares of Microsoft by 2.1% in the 4th quarter. Strong Tower Advisory Services now owns 31,732 shares of the software giant's stock worth $13,375,000 after buying an additional 662 shares in the last quarter. Wealth Management Partners LLC lifted its holdings in shares of Microsoft by 1.5% in the fourth quarter. Wealth Management Partners LLC now owns 22,944 shares of the software giant's stock valued at $9,671,000 after buying an additional 339 shares during the period. Finally, Sarasin & Partners LLP boosted its stake in Microsoft by 33.5% during the fourth quarter. Sarasin & Partners LLP now owns 1,977,464 shares of the software giant's stock valued at $833,501,000 after buying an additional 496,086 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Down 1.0 %

Shares of NASDAQ:MSFT traded down $4.13 during midday trading on Thursday, hitting $396.89. 23,268,830 shares of the stock were exchanged, compared to its average volume of 23,118,146. The business's fifty day simple moving average is $417.97 and its two-hundred day simple moving average is $422.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35. The company has a market capitalization of $2.95 trillion, a PE 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 posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 in the prior year, the firm posted $2.93 earnings per share. As a group, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MSFT shares. Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. StockNews.com cut shares of 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 note on Friday, January 24th. Morgan Stanley decreased their price target on shares of Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, Stifel Nicolaus increased their price objective on Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $510.96.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on 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 transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

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.