Allen Mooney & Barnes Investment Advisors LLC Buys 1,442 Shares of Microsoft Co. (NASDAQ:MSFT)

Allen Mooney & Barnes Investment Advisors LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,084 shares of the software giant’s stock after acquiring an additional 1,442 shares during the quarter. Microsoft makes up 4.2% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Microsoft were worth $24,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc raised its holdings 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 acquiring an additional 25 shares during the last quarter. Quarry LP purchased a new stake in shares of Microsoft in the second quarter valued at $45,000. Avondale Wealth Management increased its stake in 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 purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the third quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft during the fourth quarter worth about $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Stifel Nicolaus upped their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Loop Capital boosted 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. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Finally, TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Price Performance

MSFT opened at $408.25 on Monday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. 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 firm has a market cap of $3.03 trillion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.21 and a beta of 0.90. The company has a fifty day simple moving average of $425.20 and a 200 day simple moving average of $423.04.

Microsoft (NASDAQ:MSFT) last announced its 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the firm earned $2.93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.81%. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total value of $423,480.00. Following the completion of the sale, the chief marketing officer now owns 56,511 shares in the company, valued at approximately $23,931,278.28. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 8,000 shares of company stock valued at $3,493,820 in the last three months. Corporate insiders own 0.03% of the company’s stock.

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.