Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,627 shares of the software giant’s stock after purchasing an additional 164 shares during the period. Bernardo Wealth Planning LLC’s holdings in Microsoft were worth $1,519,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc increased its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the period. IFS Advisors LLC raised its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Quarry LP acquired a new stake in Microsoft in the 2nd quarter worth approximately $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 purchasing an additional 65 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the third quarter worth $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction 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 $22,080,578.32. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, UBS Group lowered their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Performance

NASDAQ:MSFT opened at $388.49 on Tuesday. The company has a market capitalization of $2.89 trillion, a PE ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a 50 day simple moving average of $419.75 and a two-hundred day simple moving average of $422.59. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $2.93 EPS. Research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current 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.