Haverford Financial Services Inc. lessened its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,739 shares of the software giant’s stock after selling 779 shares during the period. Microsoft makes up about 5.2% of Haverford Financial Services Inc.’s investment portfolio, making the stock its 2nd biggest holding. Haverford Financial Services Inc.’s holdings in Microsoft were worth $21,193,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of MSFT. Wealth Enhancement & Preservation of GA LLC raised its stake in Microsoft by 0.7% in the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after acquiring an additional 34 shares during the period. KB Financial Partners LLC increased its holdings in shares of Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after purchasing an additional 35 shares during the last quarter. Valtinson Bruner Financial Planning LLC raised its position in shares of Microsoft by 0.9% in the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after purchasing an additional 37 shares during the period. Strategic Asset Management LLC lifted its stake in shares of Microsoft by 5.9% during the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after buying an additional 37 shares during the last quarter. Finally, Virginia Wealth Management Group Inc. boosted its holdings in shares of Microsoft by 0.3% during the 1st quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock worth $3,830,000 after buying an additional 37 shares during the period. 69.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Guggenheim initiated coverage on Microsoft in a research note on Friday. They issued a “neutral” rating and a $292.00 price target for the company. Redburn Partners began coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective on the stock. UBS Group set a $330.00 target price on shares of Microsoft in a research report on Monday, June 20th. Finally, Wedbush dropped their price objective on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.31.
Microsoft Trading Up 1.7 %
Shares of MSFT stock opened at $291.91 on Monday. The stock has a 50-day moving average of $264.33 and a 200-day 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. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 30.28, a PEG ratio of 2.46 and a beta of 0.93. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last released 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 quarter in the prior year, the business posted $2.17 EPS. On average, equities research analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued 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 yield of 0.85%. Microsoft’s payout ratio is currently 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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