Asset Planning Services Inc. LA ADV Has $20.72 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Asset Planning Services Inc. LA ADV lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,165 shares of the software giant’s stock after selling 150 shares during the quarter. Microsoft accounts for approximately 10.1% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 2nd biggest position. Asset Planning Services Inc. LA ADV’s holdings in Microsoft were worth $20,723,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 35.7% in 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 last quarter. Quarry LP acquired a new position in shares of Microsoft in the second quarter valued at approximately $45,000. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% in the fourth 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 period. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% in the fourth 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 period. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the third quarter valued at approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, 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 research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $509.54.

Microsoft Stock Down 3.3 %

Microsoft stock opened at $380.16 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business’s 50-day simple moving average is $415.50 and its two-hundred day simple moving average is $421.54. The company has a market cap of $2.83 trillion, a PE ratio of 30.61, a PEG ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $377.22 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business earned $2.93 EPS. Equities analysts anticipate 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.