Phillips Wealth Planners LLC Raises Position in Microsoft Co. (NASDAQ:MSFT)

Phillips Wealth Planners LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 6,501 shares of the software giant’s stock after purchasing an additional 28 shares during the quarter. Microsoft comprises about 2.7% of Phillips Wealth Planners LLC’s investment portfolio, making the stock its 3rd biggest holding. Phillips Wealth Planners LLC’s holdings in Microsoft were worth $2,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc increased its stake in 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 last quarter. Quarry LP purchased a new stake in shares of Microsoft during the second quarter worth about $45,000. IFS Advisors LLC boosted 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 purchasing an additional 35 shares during the period. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% during the fourth 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 period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the third quarter worth about $62,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $380.16 on Tuesday. The stock has a market cap of $2.83 trillion, a PE ratio of 30.61, a PEG ratio of 2.21 and a beta of 0.92. The business has a 50-day simple moving average of $415.50 and a two-hundred day simple moving average of $421.54. 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 12-month low of $377.22 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm earned $2.93 EPS. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

MSFT has been the subject of several recent research reports. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Piper Sandler reissued an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Finally, Stifel Nicolaus dropped their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $509.54.

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.