Paragon Financial Partners Inc. Sells 1,343 Shares of Microsoft Co. (NASDAQ:MSFT)

Paragon Financial Partners Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,786 shares of the software giant’s stock after selling 1,343 shares during the period. Microsoft makes up about 2.5% of Paragon Financial Partners Inc.’s investment portfolio, making the stock its 10th largest position. Paragon Financial Partners Inc.’s holdings in Microsoft were worth $3,282,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its stake in 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 purchasing an additional 25 shares in the last quarter. Quarry LP purchased a new position in Microsoft in the 2nd quarter worth about $45,000. IFS Advisors LLC increased its stake in 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 purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its stake in 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 purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in Microsoft in the 3rd quarter worth about $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 0.9 %

MSFT opened at $393.31 on Monday. The business has a 50 day moving average price of $416.40 and a 200 day moving average price of $421.85. Microsoft Co. has a twelve month low of $381.00 and a twelve month 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 firm has a market cap of $2.92 trillion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 period last year, the company posted $2.93 earnings per share. Research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MSFT. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research note on Wednesday, January 29th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. DA Davidson reaffirmed a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Finally, Morgan Stanley lowered their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

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.