Peterson Wealth Advisors LLC Buys 282 Shares of Microsoft Co. (NASDAQ:MSFT)

Peterson Wealth Advisors LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,336 shares of the software giant’s stock after purchasing an additional 282 shares during the quarter. Microsoft makes up about 0.3% of Peterson Wealth Advisors LLC’s investment portfolio, making the stock its 29th largest position. Peterson Wealth Advisors LLC’s holdings in Microsoft were worth $1,835,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. BCK Partners Inc. increased its position in shares of Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares in the last quarter. Global Wealth Strategies & Associates raised its position in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after buying an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc lifted 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 in the last quarter. Sequent Asset Management LLC boosted its stake in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after buying an additional 25 shares during the last quarter. Finally, Cypress Point Wealth Management LLC boosted its position in Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MSFT. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Mizuho decreased their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus decreased their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday. DA Davidson restated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $509.54.

Microsoft Stock Down 3.3 %

Shares of NASDAQ MSFT opened at $380.16 on Tuesday. The company has a market capitalization of $2.83 trillion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $377.22 and a 52-week high of $468.35. The company’s 50 day moving average price is $415.50 and its 200-day moving average price is $421.54.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 firm earned $2.93 EPS. Equities analysts forecast 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.