Atwood & Palmer Inc. Has $1.94 Million Position in Microsoft Co. (NASDAQ:MSFT)

Atwood & Palmer Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,601 shares of the software giant’s stock after purchasing an additional 48 shares during the period. Atwood & Palmer Inc.’s holdings in Microsoft were worth $1,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc increased its stake in shares of 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 buying an additional 25 shares during the period. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Quarry LP bought a new position in Microsoft in the second quarter valued at about $45,000. Avondale Wealth Management raised its holdings in 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 purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the third quarter worth approximately $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’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 transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSFT. DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Stock Performance

NASDAQ MSFT opened at $396.89 on Friday. The firm’s fifty day moving average price is $417.14 and its two-hundred day moving average price is $422.06. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35. The firm has a market capitalization of $2.95 trillion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 previous year, the business posted $2.93 EPS. As a group, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

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.