My Legacy Advisors LLC Acquires 376 Shares of Microsoft Co. (NASDAQ:MSFT)

My Legacy Advisors LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,159 shares of the software giant’s stock after purchasing an additional 376 shares during the period. Microsoft comprises about 3.2% of My Legacy Advisors LLC’s portfolio, making the stock its 4th largest holding. My Legacy Advisors LLC’s holdings in Microsoft were worth $8,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc grew its position 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 valued at $39,000 after purchasing an additional 25 shares in the last quarter. IFS Advisors LLC raised its position 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 purchasing an additional 35 shares in the last quarter. Quarry LP acquired a new stake in Microsoft in the second quarter valued at $45,000. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in Microsoft during the third quarter worth approximately $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Microsoft Trading Down 2.1 %

NASDAQ MSFT opened at $388.49 on Tuesday. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The business’s fifty day moving average is $419.75 and its 200 day moving average is $422.59. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $2.93 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. Loop Capital increased their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Piper Sandler reissued an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Four investment 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, the company has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.