Svenska Handelsbanken AB publ purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,000 shares of the software giant’s stock, valued at approximately $308,000. Microsoft accounts for about 1.7% of Svenska Handelsbanken AB publ’s portfolio, making the stock its 5th biggest holding.
Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after acquiring an additional 7,210 shares during the period. Arbor Investment Advisors LLC increased its holdings in Microsoft by 12.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares during the period. KRS Capital Management LLC increased its holdings in Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares during the period. Dfpg Investments LLC increased its holdings in Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares during the period. Finally, Allworth Financial LP increased its holdings in Microsoft by 41.4% in the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after buying an additional 43,189 shares during the period. 69.99% of the stock is owned by institutional investors.
Microsoft Stock Performance
Shares of MSFT stock opened at $287.02 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.38 and a beta of 0.93. The stock has a fifty day moving average of $263.64 and a 200 day moving average of $279.64. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the business posted $2.17 earnings per share. As a group, research analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.86%. Microsoft’s payout ratio is currently 25.73%.
Analyst Upgrades and Downgrades
Several research firms have commented on MSFT. Itaú Unibanco began coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a report on Tuesday, July 26th. Piper Sandler decreased their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Barclays decreased their price target on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. Finally, Wolfe Research cut their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. One research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $335.72.
Microsoft Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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