My Legacy Advisors LLC Has $8.17 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

My Legacy Advisors LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,159 shares of the software giant’s stock after buying an additional 376 shares during the period. Microsoft accounts for about 3.2% of My Legacy Advisors LLC’s investment portfolio, making the stock its 4th biggest position. My Legacy Advisors LLC’s holdings in Microsoft were worth $8,168,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the period. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Quarry LP acquired a new position in shares of Microsoft during the 2nd quarter worth approximately $45,000. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth about $62,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, DA Davidson reiterated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Performance

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. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a market cap of $2.89 trillion, a PE ratio of 31.28, a PEG ratio of 2.21 and a beta of 0.90. The firm’s 50-day moving average price is $419.75 and its 200-day moving average price is $422.59.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the firm earned $2.93 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.