Diversify Wealth Management LLC Raises Position in Microsoft Co. (NASDAQ:MSFT)

Diversify Wealth Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,834 shares of the software giant’s stock after purchasing an additional 11,803 shares during the period. Microsoft comprises 1.5% of Diversify Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Diversify Wealth Management LLC’s holdings in Microsoft were worth $18,783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Christopher J. Hasenberg Inc boosted its stake in shares of 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 acquiring an additional 25 shares during the last quarter. Quarry LP purchased a new position in shares of Microsoft during the 2nd quarter worth $45,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% during the 4th 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 last quarter. Avondale Wealth Management boosted its stake in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors.

Insider Transactions 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 value of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $388.61 on Wednesday. The company’s 50-day moving average price is $418.73 and its 200-day moving average price is $422.36. Microsoft Co. has a twelve month low of $381.00 and a twelve month high of $468.35. 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 has a market cap of $2.89 trillion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 prior year, the firm posted $2.93 EPS. On average, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MSFT. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Stifel Nicolaus lifted their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. DA Davidson restated a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.