Jackson Creek Investment Advisors LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,743 shares of the software giant’s stock after selling 114 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Microsoft were worth $846,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of MSFT. Wealth Enhancement Advisory Services LLC boosted its position in Microsoft by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after buying an additional 7,210 shares during the last quarter. Arbor Investment Advisors LLC boosted its holdings in Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after acquiring an additional 1,357 shares during the last quarter. KRS Capital Management LLC raised its holdings in Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after purchasing an additional 218 shares during the last quarter. Dfpg Investments LLC grew its position in shares of Microsoft by 22.9% during the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock worth $7,585,000 after buying an additional 5,030 shares during the period. Finally, Allworth Financial LP boosted its stake in Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after acquiring an additional 43,189 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of analyst reports. Evercore ISI decreased their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research note on Wednesday, April 27th. Royal Bank of Canada set a $380.00 price target on Microsoft in a report on Thursday, May 19th. Mizuho dropped their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. William Blair restated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Finally, Morgan Stanley dropped their target price on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.31.
Microsoft Stock Performance
NASDAQ MSFT opened at $291.91 on Monday. The company has a market cap of $2.18 trillion, a P/E ratio of 30.28, a PEG ratio of 2.46 and a beta of 0.93. The company has a fifty day simple moving average of $264.33 and a 200 day simple moving average of $279.55. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted $2.17 earnings per share. Sell-side analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently announced 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.
About Microsoft
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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