Quadrant Capital Group LLC grew its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,567 shares of the software giant’s stock after purchasing an additional 1,290 shares during the quarter. Microsoft comprises about 2.3% of Quadrant Capital Group LLC’s holdings, making the stock its 8th biggest holding. Quadrant Capital Group LLC’s holdings in Microsoft were worth $18,674,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in MSFT. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after purchasing an additional 7,210 shares during the last quarter. Arbor Investment Advisors LLC raised its stake in Microsoft by 12.6% during the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares during the last quarter. KRS Capital Management LLC boosted its holdings in Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after acquiring an additional 218 shares in the last quarter. Dfpg Investments LLC grew its stake in shares of Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock worth $7,585,000 after acquiring an additional 5,030 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Microsoft by 41.4% during the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after acquiring an additional 43,189 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on MSFT. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research note on Tuesday, July 26th. BMO Capital Markets raised their price target on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a research report on Thursday, June 9th. KeyCorp decreased their price target on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Finally, Itaú Unibanco assumed coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Two 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $334.31.
Microsoft Stock Performance
Shares of NASDAQ MSFT opened at $261.47 on Thursday. The company 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. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The firm’s fifty day moving average is $270.44 and its two-hundred day moving average is $277.26.
Microsoft (NASDAQ:MSFT – Get Rating) last issued 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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the firm earned $2.17 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 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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