Evanson Asset Management LLC Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Evanson Asset Management LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,514 shares of the software giant’s stock after selling 290 shares during the quarter. Microsoft comprises about 0.8% of Evanson Asset Management LLC’s holdings, making the stock its 27th largest holding. Evanson Asset Management LLC’s holdings in Microsoft were worth $11,597,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 35.7% in 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. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in 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. Quarry LP acquired a new position in shares of Microsoft in the 2nd quarter valued at approximately $45,000. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MSFT shares. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Morgan Stanley dropped their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 0.0 %

NASDAQ:MSFT opened at $388.61 on Wednesday. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.29, a PEG ratio of 2.21 and a beta of 0.90. The business has a fifty day moving average of $418.73 and a 200-day moving average of $422.36. 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 (NASDAQ:MSFT) last released its quarterly earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the business earned $2.93 earnings per share. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Profile

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.