Peddock Capital Advisors LLC Sells 449 Shares of Microsoft Co. (NASDAQ:MSFT)

Peddock Capital Advisors LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,871 shares of the software giant’s stock after selling 449 shares during the period. Microsoft accounts for approximately 1.5% of Peddock Capital Advisors LLC’s holdings, making the stock its 14th largest position. Peddock Capital Advisors LLC’s holdings in Microsoft were worth $5,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Richardson Capital Management LLC lifted its position in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $58,000. Bellevue Group AG raised its position in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Horizon Financial Services LLC acquired a new stake in shares of Microsoft in the first quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $86,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $431.34 on Tuesday. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.14 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The company’s fifty day simple moving average is $422.80 and its 200 day simple moving average is $423.60.

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

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. Mizuho lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. BMO Capital Markets lifted their price target on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Morgan Stanley decreased their price objective on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Bank of America lifted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $494.72.

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.