Sheets Smith Wealth Management Has $8.30 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Sheets Smith Wealth Management decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,684 shares of the software giant’s stock after selling 53 shares during the period. Microsoft accounts for approximately 1.0% of Sheets Smith Wealth Management’s portfolio, making the stock its 25th biggest position. Sheets Smith Wealth Management’s holdings in Microsoft were worth $8,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the last quarter. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the second quarter worth about $45,000. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the third quarter worth about $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Mizuho dropped their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Stifel Nicolaus dropped their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $509.54.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction 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 owns 49,352 shares of the company’s stock, 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 can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.9 %

NASDAQ:MSFT opened at $393.31 on Friday. The stock’s fifty day moving average price is $416.40 and its two-hundred day moving average price is $421.87. Microsoft Co. has a 52-week low of $381.00 and a 52-week high of $468.35. 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 $2.92 trillion, a price-to-earnings ratio of 31.67, 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 (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business posted $2.93 EPS. On average, 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.