Access Financial Services Inc. Has $4.36 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Access Financial Services Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,352 shares of the software giant’s stock after selling 105 shares during the period. Microsoft makes up 1.9% of Access Financial Services Inc.’s investment portfolio, making the stock its 12th largest holding. Access Financial Services Inc.’s holdings in Microsoft were worth $4,363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP purchased a new stake in shares of Microsoft during the 2nd quarter valued at $45,000. IFS Advisors LLC increased its position in shares of Microsoft by 53.8% during 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 during the last quarter. Avondale Wealth Management increased 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 valued at $46,000 after purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the 3rd quarter worth about $62,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group decreased 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 set a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Piper Sandler restated an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Finally, Loop Capital increased their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.96.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s 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 transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $401.02 on Thursday. 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 Co. has a 1-year low of $381.00 and a 1-year high of $468.35. The company has a market capitalization of $2.98 trillion, a PE ratio of 32.29, a PEG ratio of 2.21 and a beta of 0.92. The business has a fifty day moving average price of $417.97 and a 200-day moving average price of $422.24.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $2.93 EPS. As a group, 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.