Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. increased its position in Microsoft Co. (NASDAQ:MSFT) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,382 shares of the software giant’s stock after acquiring an additional 228 shares during the period. Melfa Wealth Management Inc.’s holdings in Microsoft were worth $1,004,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MSFT. Geode Capital Management LLC grew its position in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after buying an additional 652,493 shares in the last quarter. International Assets Investment Management LLC grew its position in Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after buying an additional 406,940 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Stifel Nicolaus reduced their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday. Mizuho reduced their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $509.54.

Microsoft Trading Down 0.9 %

Shares of MSFT stock opened at $393.31 on Monday. Microsoft Co. has a 1 year low of $381.00 and a 1 year high of $468.35. The firm’s fifty day simple moving average is $416.40 and its 200 day simple moving average is $421.85. The firm has a market capitalization of $2.92 trillion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its earnings results 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 last year, the company earned $2.93 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current 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.