Regentatlantic Capital LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 409,957 shares of the software giant’s stock after buying an additional 24,716 shares during the quarter. Microsoft makes up 3.6% of Regentatlantic Capital LLC’s investment portfolio, making the stock its 5th largest holding. Regentatlantic Capital LLC’s holdings in Microsoft were worth $126,394,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in Microsoft by 5.7% in the 1st 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 period. Arbor Investment Advisors LLC grew its stake in Microsoft by 12.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after purchasing an additional 1,357 shares during the period. KRS Capital Management LLC grew its stake in Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after purchasing an additional 218 shares during the period. Dfpg Investments LLC grew its stake in Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after purchasing an additional 5,030 shares during the period. Finally, Allworth Financial LP grew its stake in Microsoft by 41.4% in the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after purchasing an additional 43,189 shares during the period. Institutional investors own 69.99% of the company’s stock.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of recent analyst reports. Redburn Partners began coverage on Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price objective for the company. JPMorgan Chase & Co. set a $320.00 price target on Microsoft in a research note on Thursday, June 9th. Royal Bank of Canada set a $380.00 price target on Microsoft in a research note on Thursday, May 19th. Morgan Stanley cut their price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Finally, Jefferies Financial Group cut their price target on Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. One investment analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $335.72.
Microsoft Price Performance
MSFT opened at $287.02 on Friday. The stock’s 50 day simple moving average is $263.64 and its 200 day simple moving average is $279.64. 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 Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The firm has a market cap of $2.14 trillion, a price-to-earnings ratio of 29.77, a PEG ratio of 2.38 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last posted 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 period in the prior year, the business earned $2.17 EPS. As a group, analysts predict that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.86%. Microsoft’s payout ratio is 25.73%.
Microsoft 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.
Featured Articles
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Get Rating).
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.
