Foresight Capital Management Advisors Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,057 shares of the software giant’s stock after buying an additional 255 shares during the period. Microsoft makes up about 2.8% of Foresight Capital Management Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Foresight Capital Management Advisors Inc.’s holdings in Microsoft were worth $2,484,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Fortress Wealth Management Inc. purchased a new stake in Microsoft during the 4th quarter valued at $422,000. Flower City Capital purchased a new stake in Microsoft during the 4th quarter valued at $478,000. M.D. Sass Investors Services Inc. boosted its stake in Microsoft by 1.1% during the 4th quarter. M.D. Sass Investors Services Inc. now owns 28,320 shares of the software giant’s stock valued at $9,525,000 after purchasing an additional 300 shares during the last quarter. Summit Financial Strategies Inc. boosted its stake in Microsoft by 0.6% during the 4th quarter. Summit Financial Strategies Inc. now owns 21,750 shares of the software giant’s stock valued at $7,315,000 after purchasing an additional 120 shares during the last quarter. Finally, Anfield Capital Management LLC boosted its stake in shares of Microsoft by 13.6% in the 4th quarter. Anfield Capital Management LLC now owns 2,548 shares of the software giant’s stock worth $857,000 after buying an additional 305 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on MSFT. Guggenheim began coverage on Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 price target on the stock. Wedbush dropped their price target on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Itau BBA Securities began coverage on Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Mizuho lowered their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Finally, Jefferies Financial Group lowered their target price on Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Trading Down 0.2 %
Shares of NASDAQ MSFT opened at $275.79 on Thursday. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The business’s 50 day moving average is $268.65 and its two-hundred day moving average is $278.56. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 28.61, a PEG ratio of 2.34 and a beta of 0.93. 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 announced its 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 net margin of 36.69% and a return on equity of 43.31%. During the same period in the previous year, the business posted $2.17 EPS. As a group, research analysts expect that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders 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 annualized dividend and a dividend yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.
About Microsoft
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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