GenWealth Group Inc. Has $583,000 Position in Microsoft Co. (NASDAQ:MSFT)

GenWealth Group Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,384 shares of the software giant’s stock after purchasing an additional 36 shares during the quarter. GenWealth Group Inc.’s holdings in Microsoft were worth $583,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. BCK Partners Inc. increased its holdings in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares in the last quarter. Global Wealth Strategies & Associates grew its position in shares of Microsoft by 0.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock worth $1,290,000 after buying an additional 25 shares during the period. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. Sequent Asset Management LLC lifted its position in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after acquiring an additional 25 shares during the period. Finally, Cypress Point Wealth Management LLC boosted its stake in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total transaction of $874,640.00. Following the transaction, the chief marketing officer now directly owns 51,852 shares of the company’s stock, valued at approximately $22,675,916.64. The trade was a 3.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $388.49 on Tuesday. The firm has a market cap of $2.89 trillion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company’s fifty day simple moving average is $419.75 and its two-hundred day simple moving average is $422.59. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 EPS. As a group, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Analyst Ratings Changes

MSFT has been the topic of several research reports. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday. Stifel Nicolaus upped their price target on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, UBS Group reduced their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

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.