Microsoft Co. (NASDAQ:MSFT) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,096,211 shares of the software giant’s stock after acquiring an additional 15,607 shares during the period. Microsoft makes up 2.4% of Janney Montgomery Scott LLC’s portfolio, making the stock its 3rd biggest position. Janney Montgomery Scott LLC’s holdings in Microsoft were worth $883,553,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Christopher J. Hasenberg Inc grew its holdings in 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 purchasing an additional 25 shares in the last quarter. Quarry LP acquired a new stake in Microsoft during the 2nd quarter valued at $45,000. IFS Advisors LLC grew 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 purchasing an additional 35 shares in the last quarter. Avondale Wealth Management grew its holdings in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in Microsoft during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. UBS Group decreased their price objective 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. Finally, DA Davidson reissued a “neutral” rating and set a $425.00 price objective 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 assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $509.54.

Microsoft Trading Down 3.3 %

Shares of NASDAQ:MSFT opened at $380.16 on Tuesday. The company has a market cap of $2.83 trillion, a PE ratio of 30.61, a P/E/G ratio of 2.21 and a beta of 0.92. The company’s 50-day moving average price is $415.50 and its 200 day moving average price is $421.54. Microsoft Co. has a fifty-two week low of $377.22 and a fifty-two week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the business posted $2.93 EPS. Sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share 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.