Eads & Heald Wealth Management Sells 27 Shares of Microsoft Co. (NASDAQ:MSFT)

Eads & Heald Wealth Management reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,612 shares of the software giant’s stock after selling 27 shares during the period. Microsoft makes up 1.4% of Eads & Heald Wealth Management’s portfolio, making the stock its 16th largest holding. Eads & Heald Wealth Management’s holdings in Microsoft were worth $2,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc grew 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 worth $39,000 after buying an additional 25 shares in the last quarter. Quarry LP purchased a new position in shares of Microsoft in the 2nd quarter worth $45,000. IFS Advisors LLC grew its stake in shares of 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 buying an additional 35 shares in the last quarter. Avondale Wealth Management grew its stake in shares of 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 buying an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter worth $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Down 0.9 %

Microsoft stock opened at $393.31 on Monday. Microsoft Co. has a twelve month low of $381.00 and a twelve month high of $468.35. The stock’s fifty day simple moving average is $416.40 and its 200-day simple moving average is $421.85. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.92 trillion, a P/E 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 for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $2.93 EPS. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on MSFT shares. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Stifel Nicolaus dropped their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. Mizuho dropped their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Four investment 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, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $509.54.

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.