Wesbanco Bank Inc. Purchases 4,316 Shares of Microsoft Co. (NASDAQ:MSFT)

Wesbanco Bank Inc. grew its stake in Microsoft Co. (NASDAQ:MSFT) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 299,590 shares of the software giant’s stock after purchasing an additional 4,316 shares during the quarter. Microsoft makes up approximately 4.3% of Wesbanco Bank Inc.’s holdings, making the stock its 2nd biggest holding. Wesbanco Bank Inc.’s holdings in Microsoft were worth $126,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. BCK Partners Inc. boosted its stake in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Global Wealth Strategies & Associates boosted its stake in shares of Microsoft by 0.8% during 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 period. Christopher J. Hasenberg Inc boosted its stake in shares of 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 buying an additional 25 shares during the period. Sequent Asset Management LLC lifted its stake in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the last quarter. Finally, Cypress Point Wealth Management LLC lifted its stake in shares of Microsoft by 0.8% in the 3rd 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. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MSFT. DA Davidson reiterated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a report on Thursday, January 30th. UBS Group dropped their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Microsoft Stock Down 3.3 %

Shares of NASDAQ:MSFT opened at $380.16 on Tuesday. Microsoft Co. has a 52 week low of $377.22 and a 52 week 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 company has a market capitalization of $2.83 trillion, a PE 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 two-hundred day moving average price of $421.54.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $2.93 earnings per share. 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.