BlueSky Wealth Advisors LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

BlueSky Wealth Advisors LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,393 shares of the software giant’s stock after buying an additional 61 shares during the quarter. BlueSky Wealth Advisors LLC’s holdings in Microsoft were worth $1,008,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Christopher J. Hasenberg Inc raised its position in Microsoft by 35.7% in the 3rd 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. IFS Advisors LLC raised its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the period. Quarry LP purchased a new stake in Microsoft in the 2nd quarter worth about $45,000. Avondale Wealth Management raised its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the 3rd quarter worth about $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction 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 directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. 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 Price Performance

Shares of MSFT opened at $401.02 on Thursday. The company has a market cap of $2.98 trillion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. 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 50 day moving average of $417.97 and a two-hundred day moving average of $422.24.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 quarter in the prior year, the company earned $2.93 earnings per share. As a group, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of research reports. 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. DA Davidson reaffirmed a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Mizuho reduced their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently 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.