MCF Advisors LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,774 shares of the software giant’s stock, valued at approximately $6,405,000. Microsoft accounts for 0.6% of MCF Advisors LLC’s portfolio, making the stock its 19th biggest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after buying an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC boosted its holdings in Microsoft by 12.6% during the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after buying an additional 1,357 shares in the last quarter. KRS Capital Management LLC boosted its holdings in Microsoft by 4.8% during the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after buying an additional 218 shares in the last quarter. Dfpg Investments LLC boosted its holdings in Microsoft by 22.9% during the first 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 in the last quarter. Finally, Allworth Financial LP boosted its holdings in Microsoft by 41.4% during the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock worth $45,441,000 after buying an additional 43,189 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
MSFT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. set a $320.00 price objective on shares of Microsoft in a report on Thursday, June 9th. Wolfe Research decreased their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Evercore ISI reduced 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. Rosenblatt Securities reduced their price target on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Finally, Itaú Unibanco initiated coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Stock Performance
Shares of MSFT stock opened at $275.79 on Thursday. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a 50 day moving average price of $268.65 and a 200 day moving average price of $278.56. The firm has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data 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 last year, the business posted $2.17 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 10.14 EPS 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 given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.73%.
Microsoft Company 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.
Recommended Stories
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.
