FDx Advisors Inc. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 8.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 365,478 shares of the software giant’s stock after selling 33,465 shares during the period. Microsoft accounts for about 3.8% of FDx Advisors Inc.’s investment portfolio, making the stock its 2nd biggest holding. FDx Advisors Inc.’s holdings in Microsoft were worth $112,681,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Bordeaux Wealth Advisors LLC lifted its holdings in Microsoft by 5.5% during the first quarter. Bordeaux Wealth Advisors LLC now owns 19,428 shares of the software giant’s stock valued at $5,990,000 after purchasing an additional 1,018 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its stake in shares of Microsoft by 12.6% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 12,989 shares of the software giant’s stock valued at $4,007,000 after buying an additional 1,456 shares in the last quarter. Fort Pitt Capital Group LLC boosted its holdings in Microsoft by 3.8% in the 1st quarter. Fort Pitt Capital Group LLC now owns 345,786 shares of the software giant’s stock worth $106,609,000 after buying an additional 12,613 shares during the period. Horan Capital Advisors LLC. increased its stake in Microsoft by 4.7% in the 1st quarter. Horan Capital Advisors LLC. now owns 39,327 shares of the software giant’s stock worth $12,125,000 after buying an additional 1,763 shares in the last quarter. Finally, Firethorn Wealth Partners LLC raised its holdings in Microsoft by 2.1% during the first quarter. Firethorn Wealth Partners LLC now owns 8,216 shares of the software giant’s stock valued at $2,533,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on MSFT shares. Cowen dropped their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, July 22nd. Barclays lowered their target price on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. Wells Fargo & Company cut their target price on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. Itaú Unibanco assumed coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Finally, Itau BBA Securities started coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Stock Down 0.3 %
Shares of MSFT opened at $292.71 on Wednesday. The firm has a fifty day moving average price of $265.23 and a 200-day moving average price of $279.56. 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 firm has a market capitalization of $2.18 trillion, a P/E ratio of 30.36, a P/E/G ratio of 2.46 and a beta of 0.93. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67.
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 net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the firm earned $2.17 earnings per share. Equities research analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) 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.
Further Reading
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