Integrity Financial Corp WA reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,971 shares of the software giant’s stock after selling 2,264 shares during the quarter. Microsoft makes up approximately 2.5% of Integrity Financial Corp WA’s portfolio, making the stock its 11th largest position. Integrity Financial Corp WA’s holdings in Microsoft were worth $3,074,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Shore Point Advisors LLC acquired a new position in shares of Microsoft in the fourth quarter worth $40,000. Tobam increased its position in 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 during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of Microsoft during the 1st quarter worth about $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in shares of Microsoft during the 4th quarter valued at about $80,000. Finally, Evolution Advisers Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $84,000. 69.29% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MSFT has been the subject of a number of analyst reports. Wolfe Research decreased their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. Morgan Stanley lowered their target price on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Fundamental Research reaffirmed a “hold” rating and issued a $280.50 price target on shares of Microsoft in a research report on Wednesday, August 3rd. Cowen lowered their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Finally, UBS Group set a $330.00 target price on Microsoft in a report on Monday, June 20th. Two equities research analysts have 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 company has a consensus rating of “Moderate Buy” and an average target price of $334.31.
Microsoft Trading Down 0.6 %
Shares of Microsoft stock opened at $261.47 on Thursday. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The stock has a market cap of $1.95 trillion, a P/E ratio of 27.12, a P/E/G ratio of 2.23 and a beta of 0.93. The business’s 50 day moving average is $270.44 and its 200-day moving average is $277.26. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28.
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 period last year, the company posted $2.17 EPS. Equities research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
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 of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.95%. Microsoft’s dividend payout ratio (DPR) is 25.73%.
Microsoft Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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