Microsoft Co. (NASDAQ:MSFT) Position Lowered by Bourne Lent Asset Management Inc.

Bourne Lent Asset Management Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 76,394 shares of the software giant’s stock after selling 2,248 shares during the period. Microsoft accounts for approximately 12.3% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 2nd largest position. Bourne Lent Asset Management Inc.’s holdings in Microsoft were worth $32,200,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 35.7% in the third 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 period. Quarry LP purchased a new stake in shares of Microsoft in the second quarter valued at $45,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management raised its stake in shares of 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 acquiring an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the third quarter valued at $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 0.9 %

MSFT stock opened at $393.31 on Monday. The firm has a 50 day moving average of $416.40 and a 200 day moving average of $421.85. The stock has a market capitalization of $2.92 trillion, a PE ratio of 31.67, 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. Microsoft Co. has a 52 week low of $381.00 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 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 period in the previous year, the firm posted $2.93 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. UBS Group reduced their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Stifel Nicolaus reduced their price target on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research note on Friday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $509.54.

About Microsoft

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.