2,908 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,908 shares of the software giant’s stock, valued at approximately $1,226,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Net Worth Advisory Group purchased a new stake in Microsoft in the 3rd quarter worth about $2,645,000. Oak Ridge Investments LLC increased its position in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares during the period. Jacobs & Co. CA increased its position in shares of Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares during the period. Finally, Focus Financial Network Inc. increased its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MSFT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. UBS Group cut their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Morgan Stanley cut their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Stock Up 0.0 %

MSFT opened at $388.61 on Wednesday. Microsoft Co. has a fifty-two week low of $381.00 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a fifty day moving average of $418.73 and a two-hundred day moving average of $422.36. The stock has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 business earned $2.93 earnings per share. On average, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Microsoft 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.