Gemmer Asset Management LLC Has $5.78 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Gemmer Asset Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,720 shares of the software giant’s stock after acquiring an additional 175 shares during the quarter. Gemmer Asset Management LLC’s holdings in Microsoft were worth $5,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Christopher J. Hasenberg Inc boosted its holdings 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 buying an additional 25 shares during the last quarter. IFS Advisors LLC raised its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Quarry LP acquired a new stake in Microsoft in the second quarter valued at $45,000. Avondale Wealth Management grew 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 acquiring an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the 3rd quarter worth about $62,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Loop Capital boosted their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Finally, Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’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 approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.0 %

MSFT opened at $396.89 on Friday. 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 Co. has a twelve month low of $381.00 and a twelve month high of $468.35. The stock has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a 50-day simple moving average of $417.14 and a 200 day simple moving average of $422.06.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results 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 quarter in the prior year, the firm posted $2.93 earnings per share. Analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal 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.