Park Place Capital Corp Purchases 456 Shares of Microsoft Co. (NASDAQ:MSFT)

Park Place Capital Corp grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,060 shares of the software giant’s stock after purchasing an additional 456 shares during the quarter. Microsoft accounts for 2.0% of Park Place Capital Corp’s portfolio, making the stock its 10th largest position. Park Place Capital Corp’s holdings in Microsoft were worth $7,191,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Beck Bode LLC grew its holdings in shares of Microsoft by 37.3% in the 2nd quarter. Beck Bode LLC now owns 39,951 shares of the software giant’s stock worth $17,856,000 after acquiring an additional 10,847 shares during the last quarter. Commonwealth Financial Services LLC grew its holdings in shares of Microsoft by 2.1% in the 2nd quarter. Commonwealth Financial Services LLC now owns 19,968 shares of the software giant’s stock worth $9,310,000 after acquiring an additional 412 shares during the last quarter. Finally, Certified Advisory Corp grew its holdings in shares of Microsoft by 9.2% in the 2nd quarter. Certified Advisory Corp now owns 13,899 shares of the software giant’s stock worth $6,212,000 after acquiring an additional 1,175 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $393.31 on Monday. Microsoft Co. has a fifty-two week low of $381.00 and a fifty-two week high of $468.35. The business has a 50-day moving average of $416.40 and a two-hundred day moving average of $421.85. The stock has a market capitalization of $2.92 trillion, a P/E ratio of 31.67, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last announced 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the company earned $2.93 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSFT. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Loop Capital raised their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Four research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

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.