Phoenix Wealth Advisors Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Phoenix Wealth Advisors lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,950 shares of the software giant’s stock after selling 1,320 shares during the period. Microsoft makes up 3.6% of Phoenix Wealth Advisors’ holdings, making the stock its 3rd biggest holding. Phoenix Wealth Advisors’ holdings in Microsoft were worth $8,409,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc increased 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 purchasing an additional 25 shares during the period. Quarry LP bought a new position in shares of Microsoft in the second quarter worth $45,000. IFS Advisors LLC increased 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 purchasing an additional 35 shares during the period. Avondale Wealth Management increased 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 purchasing an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft in the third quarter valued at about $62,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. DA Davidson reiterated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a research report on Thursday, January 30th. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $509.54.

Microsoft Price Performance

Microsoft stock opened at $393.31 on Monday. The stock’s 50 day moving average is $416.40 and its 200 day moving average is $421.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market cap 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 Co. has a one year low of $381.00 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS 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 period last year, the company earned $2.93 EPS. As a group, research analysts expect 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.