Access Financial Services Inc. Has $4.36 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Access Financial Services Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,352 shares of the software giant’s stock after selling 105 shares during the quarter. Microsoft comprises approximately 1.9% of Access Financial Services Inc.’s investment portfolio, making the stock its 12th biggest holding. Access Financial Services Inc.’s holdings in Microsoft were worth $4,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its stake in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. Beck Bode LLC lifted its stake in Microsoft by 37.3% in the second quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock valued at $17,856,000 after buying an additional 10,847 shares in the last quarter. Kendall Capital Management lifted its stake in Microsoft by 5.0% in the second quarter. Kendall Capital Management now owns 2,169 shares of the software giant’s stock valued at $969,000 after buying an additional 103 shares in the last quarter. Finally, AllGen Financial Advisors Inc. lifted its stake in Microsoft by 0.7% in the second quarter. AllGen Financial Advisors Inc. now owns 13,942 shares of the software giant’s stock valued at $6,231,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, 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 filing with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 3.2 %

MSFT opened at $401.02 on Thursday. Microsoft Co. has a twelve month low of $381.00 and a twelve month high of $468.35. The company has a 50-day simple moving average of $417.97 and a 200 day simple moving average of $422.24. 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 stock has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 quarter in the previous year, the business earned $2.93 earnings per share. Analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. DA Davidson reiterated a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a report 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 report on Thursday, January 30th. Four 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

About Microsoft

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.