Martel Wealth Advisors Inc Sells 108 Shares of Microsoft Co. (NASDAQ:MSFT)

Martel Wealth Advisors Inc lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,079 shares of the software giant’s stock after selling 108 shares during the period. Martel Wealth Advisors Inc’s holdings in Microsoft were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% during the third 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 increased its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Quarry LP purchased a new position in shares of Microsoft in the 2nd quarter worth about $45,000. Avondale Wealth Management boosted its stake in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the 3rd quarter valued at about $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MSFT shares. UBS Group decreased their target price 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. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an “outperform” 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 stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Activity at Microsoft

In other 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 value of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $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 is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT opened at $396.89 on Friday. Microsoft Co. has a 52 week low of $381.00 and a 52 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. The stock has a market cap of $2.95 trillion, a price-to-earnings ratio of 31.96, a PEG ratio of 2.21 and a beta of 0.92. The business has a 50-day simple moving average of $417.14 and a two-hundred day simple moving average of $422.06.

Microsoft (NASDAQ:MSFT) last released its 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 previous year, the business posted $2.93 EPS. On average, analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Company 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.