Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Kelly Financial Services LLC

Kelly Financial Services LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,455 shares of the software giant’s stock after acquiring an additional 66 shares during the period. Kelly Financial Services LLC’s holdings in Microsoft were worth $1,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares in the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the 2nd quarter valued at about $45,000. IFS Advisors LLC lifted its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the third quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSFT. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Mizuho cut their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson reiterated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a 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 report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Stock Down 2.1 %

Shares of NASDAQ MSFT opened at $388.49 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $419.75 and its 200 day simple moving average is $422.59. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The firm has a market cap of $2.89 trillion, a PE ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the firm earned $2.93 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the completion of the transaction, the chief marketing officer now owns 51,852 shares of the company’s stock, valued at $22,675,916.64. The trade was a 3.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

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.