MCF Advisors LLC Has $13.24 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

MCF Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,407 shares of the software giant’s stock after acquiring an additional 436 shares during the period. Microsoft comprises 0.9% of MCF Advisors LLC’s holdings, making the stock its 18th largest holding. MCF Advisors LLC’s holdings in Microsoft were worth $13,238,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 35.7% in the 3rd 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 during the last quarter. Quarry LP bought a new position in Microsoft in the 2nd quarter valued at approximately $45,000. IFS Advisors LLC lifted its stake 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 during the last quarter. Avondale Wealth Management lifted its stake in Microsoft by 144.4% in 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. bought a new position in Microsoft in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MSFT shares. Stifel Nicolaus dropped their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday. DA Davidson reaffirmed a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Finally, Loop Capital raised their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.54.

Microsoft Trading Down 0.9 %

NASDAQ:MSFT opened at $393.31 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 31.67, a PEG ratio of 2.21 and a beta of 0.92. The firm has a fifty day simple moving average of $416.40 and a two-hundred day simple moving average of $421.87. Microsoft Co. has a 12 month low of $381.00 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 earned $2.93 earnings per share. Analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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 sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by insiders.

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.