Microsoft Co. (NASDAQ:MSFT) EVP Kathleen T. Hogan Sells 17,378 Shares

Microsoft Co. (NASDAQ:MSFT) EVP Kathleen T. Hogan sold 17,378 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the transaction, the executive vice president now directly owns 150,161 shares in the company, valued at approximately $61,843,807.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Microsoft Stock Performance

NASDAQ MSFT opened at $423.04 on Thursday. The stock has a 50-day simple moving average of $424.91 and a two-hundred day simple moving average of $423.06. The firm has a market capitalization of $3.14 trillion, a P/E ratio of 36.63, a PEG ratio of 2.03 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the business posted $2.69 EPS. The company’s revenue was up 15.2% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current year.

Hedge Funds Weigh In On Microsoft

Several institutional investors and hedge funds have recently modified their holdings of MSFT. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter valued at about $35,920,047,000. Vanguard Group Inc. boosted its holdings in Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares during the last quarter. Swedbank AB acquired a new stake in Microsoft in the 1st quarter worth about $5,587,119,000. TCI Fund Management Ltd. acquired a new stake in Microsoft in the 4th quarter worth about $4,000,376,000. Finally, Wulff Hansen & CO. boosted its holdings in Microsoft by 47,196.6% in the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after buying an additional 4,824,436 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Oppenheimer increased their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. UBS Group dropped their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Company 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.