Investment Advisory Group LLC Purchases 583 Shares of Microsoft Co. (NASDAQ:MSFT)

Investment Advisory Group LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,964 shares of the software giant’s stock after acquiring an additional 583 shares during the quarter. Microsoft comprises approximately 1.8% of Investment Advisory Group LLC’s holdings, making the stock its 13th largest holding. Investment Advisory Group LLC’s holdings in Microsoft were worth $5,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc boosted its position in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the last quarter. IFS Advisors LLC raised its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Quarry LP purchased a new stake in Microsoft during the 2nd quarter valued at $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 valued at $46,000 after buying an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the 3rd quarter valued at $62,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Morgan Stanley decreased their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Mizuho decreased their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Microsoft Price Performance

Shares of MSFT stock opened at $393.31 on Monday. Microsoft Co. has a 1-year low of $381.00 and a 1-year high of $468.35. The stock’s 50-day moving average is $416.40 and its 200 day moving average is $421.85. The company has a market cap of $2.92 trillion, a P/E ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 in the prior year, the company earned $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft 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.