Cetera Trust Company N.A Has $5.91 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Cetera Trust Company N.A lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 14,022 shares of the software giant’s stock after selling 65 shares during the period. Microsoft accounts for approximately 3.8% of Cetera Trust Company N.A’s holdings, making the stock its 2nd largest position. Cetera Trust Company N.A’s holdings in Microsoft were worth $5,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the period. Quarry LP bought a new stake in shares of Microsoft during the second quarter worth approximately $45,000. IFS Advisors LLC boosted 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 worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the third quarter worth approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. DA Davidson reiterated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $509.54.

Microsoft Stock Performance

NASDAQ MSFT opened at $393.31 on Monday. The firm’s fifty day moving average price is $416.40 and its two-hundred day moving average price is $421.85. The stock has a market cap of $2.92 trillion, a PE ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $381.00 and a fifty-two week high of $468.35. 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 posted its 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 previous year, the firm earned $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal 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.