Annex Advisory Services LLC Has $45.93 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Annex Advisory Services LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 60.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,960 shares of the software giant’s stock after buying an additional 41,125 shares during the quarter. Microsoft accounts for about 1.4% of Annex Advisory Services LLC’s investment portfolio, making the stock its 17th largest position. Annex Advisory Services LLC’s holdings in Microsoft were worth $45,927,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. BCK Partners Inc. increased its stake in shares of Microsoft by 1.8% during 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 during the period. Global Wealth Strategies & Associates increased its stake in shares of Microsoft by 0.8% during the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock worth $1,290,000 after purchasing an additional 25 shares during the period. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the period. Sequent Asset Management LLC increased its stake in shares of Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares during the period. Finally, Cypress Point Wealth Management LLC increased its stake in shares of 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 purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.0 %

MSFT opened at $388.61 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $381.00 and a fifty-two week high of $468.35. The firm’s fifty day moving average is $418.73 and its 200 day moving average is $422.36. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 company posted $2.93 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on 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. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSFT. Morgan Stanley lowered their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Loop Capital increased their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. UBS Group reduced their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

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.