Independent Wealth Network Inc. Acquires 614 Shares of Microsoft Co. (NASDAQ:MSFT)

Independent Wealth Network Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,171 shares of the software giant’s stock after buying an additional 614 shares during the period. Microsoft makes up approximately 1.7% of Independent Wealth Network Inc.’s portfolio, making the stock its 10th biggest position. Independent Wealth Network Inc.’s holdings in Microsoft were worth $4,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Beck Bode LLC lifted its position in shares of Microsoft by 37.3% during the second quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock worth $17,856,000 after acquiring an additional 10,847 shares in the last quarter. Mill Creek Capital Advisors LLC raised its position in shares of Microsoft by 8.1% in the second quarter. Mill Creek Capital Advisors LLC now owns 29,305 shares of the software giant’s stock worth $13,098,000 after buying an additional 2,188 shares in the last quarter. Finally, Westwood Wealth Management raised its position in shares of Microsoft by 3.7% in the second quarter. Westwood Wealth Management now owns 27,622 shares of the software giant’s stock worth $12,346,000 after buying an additional 983 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 3.3 %

Shares of NASDAQ:MSFT opened at $380.16 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $377.22 and a 12 month high of $468.35. The company has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.61, a PEG ratio of 2.21 and a beta of 0.92. The company has a 50-day moving average price of $415.50 and a 200 day moving average price of $421.54.

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 net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company posted $2.93 EPS. As a group, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Piper Sandler reiterated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $509.54.

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.