Penn Davis Mcfarland Inc. Has $12.21 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Penn Davis Mcfarland Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,969 shares of the software giant’s stock after buying an additional 1,083 shares during the period. Microsoft makes up approximately 1.3% of Penn Davis Mcfarland Inc.’s portfolio, making the stock its 23rd largest position. Penn Davis Mcfarland Inc.’s holdings in Microsoft were worth $12,210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 35.7% during 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 during the last quarter. Quarry LP bought a new stake in shares of Microsoft during the 2nd quarter worth $45,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management boosted its holdings 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 period. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 3.2 %

Shares of Microsoft stock opened at $401.02 on Thursday. The stock has a market capitalization of $2.98 trillion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $417.97 and a 200 day simple moving average of $422.24. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35.

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 in the previous year, the company posted $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Piper Sandler reissued an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were 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 in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.