True Link Financial Advisors LLC Raises Stake in Microsoft Co. (NASDAQ:MSFT)

True Link Financial Advisors LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 18.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,829 shares of the software giant’s stock after buying an additional 585 shares during the quarter. Microsoft accounts for approximately 0.1% of True Link Financial Advisors LLC’s holdings, making the stock its 20th largest position. True Link Financial Advisors LLC’s holdings in Microsoft were worth $1,614,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft in the third quarter worth approximately $2,645,000. Oak Ridge Investments LLC raised its stake in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares during the period. Jacobs & Co. CA raised its stake in shares of Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares during the period. Finally, Focus Financial Network Inc. increased its stake in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MSFT shares. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus upped their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, UBS Group reduced their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Price Performance

Shares of MSFT opened at $401.02 on Thursday. The firm has a market cap of $2.98 trillion, a PE ratio of 32.29, a PEG ratio of 2.21 and a beta of 0.92. The firm’s 50 day moving average price is $417.97 and its 200 day moving average price is $422.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a twelve month low of $381.00 and a twelve 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 for the quarter, beating the consensus estimate 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 last year, the firm earned $2.93 EPS. As a group, research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $22,080,578.32. This trade represents 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 hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.