Penn Davis Mcfarland Inc. Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Penn Davis Mcfarland Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,969 shares of the software giant’s stock after purchasing an additional 1,083 shares during the quarter. Microsoft accounts for about 1.3% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 23rd largest holding. Penn Davis Mcfarland Inc.’s holdings in Microsoft were worth $12,210,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BCK Partners Inc. lifted its position in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after purchasing an additional 24 shares during the last quarter. Global Wealth Strategies & Associates lifted its position in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc lifted 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 valued at $39,000 after purchasing an additional 25 shares during the last quarter. Sequent Asset Management LLC raised its position in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after buying an additional 25 shares in the last quarter. Finally, Cypress Point Wealth Management LLC raised its position in shares of Microsoft by 0.8% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho dropped their price target 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. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Wedbush restated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Stock Up 3.2 %

Shares of NASDAQ:MSFT opened at $401.02 on Thursday. 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 market cap of $2.98 trillion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 52 week low of $381.00 and a 52 week high of $468.35. The firm has a 50 day simple moving average of $417.97 and a 200 day simple moving average of $422.24.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating 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 prior year, the firm posted $2.93 earnings per share. As a group, 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 Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

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.