Eagle Strategies LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,333 shares of the software giant’s stock after buying an additional 131 shares during the quarter. Microsoft comprises 1.8% of Eagle Strategies LLC’s holdings, making the stock its 13th biggest position. Eagle Strategies LLC’s holdings in Microsoft were worth $4,727,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Shore Point Advisors LLC bought a new stake in shares of Microsoft in the 4th quarter worth approximately $40,000. Tobam raised its holdings in shares of Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of Microsoft during the first quarter valued at approximately $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in shares of Microsoft during the fourth quarter valued at approximately $80,000. Finally, Evolution Advisers Inc. acquired a new stake in shares of Microsoft during the fourth quarter valued at approximately $84,000. 69.99% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. William Blair restated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Evercore ISI cut their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Itaú Unibanco initiated coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Itau BBA Securities initiated coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Finally, Wedbush lowered their price objective on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $335.72.
Microsoft Price Performance
NASDAQ:MSFT opened at $287.02 on Friday. The stock has a market cap of $2.14 trillion, a P/E ratio of 29.77, a PEG ratio of 2.38 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a fifty day moving average price of $263.64 and a 200 day moving average price of $279.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the firm earned $2.17 EPS. Analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is 25.73%.
Microsoft Company 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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