Resolute Advisors LLC Buys 4,735 Shares of Microsoft Co. (NASDAQ:MSFT)

Resolute Advisors LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 258.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,568 shares of the software giant’s stock after acquiring an additional 4,735 shares during the period. Microsoft comprises approximately 0.6% of Resolute Advisors LLC’s holdings, making the stock its 15th largest position. Resolute Advisors LLC’s holdings in Microsoft were worth $2,768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MSFT. Norges Bank purchased a new position in shares of Microsoft during the 4th quarter valued at $44,343,058,000. Proficio Capital Partners LLC boosted its holdings in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $472.75 on Tuesday. The business has a 50 day moving average of $419.01 and a 200 day moving average of $417.09. The company has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $473.43. 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 (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president now directly owns 43,930 shares of the company’s stock, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president now directly owns 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MSFT. TD Securities raised their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Scotiabank lifted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a report on Thursday, May 1st. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Barclays lifted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Mizuho raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $513.59.

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.