Janney Capital Management LLC Has $36.54 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Janney Capital Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,698 shares of the software giant’s stock after selling 2,426 shares during the quarter. Microsoft makes up approximately 2.4% of Janney Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Janney Capital Management LLC’s holdings in Microsoft were worth $36,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its holdings in 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. Quarry LP bought a new position in Microsoft in the 2nd quarter valued at approximately $45,000. IFS Advisors LLC raised its holdings in 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 buying an additional 35 shares during the last quarter. Avondale Wealth Management raised its holdings in 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 buying an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in Microsoft during the 3rd quarter worth approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $393.31 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.92 trillion, a P/E ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. The company has a fifty day simple moving average of $416.40 and a 200 day simple moving average of $421.85. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (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 prior year, the business posted $2.93 EPS. Sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Piper Sandler restated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $509.54.

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.