Legacy Financial Strategies LLC increased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,268 shares of the software giant’s stock after acquiring an additional 768 shares during the period. Legacy Financial Strategies LLC’s holdings in Microsoft were worth $1,316,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MSFT. Wealth Enhancement Advisory Services LLC increased 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 period. Arbor Investment Advisors LLC increased its stake in Microsoft by 12.6% during the 1st 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 period. KRS Capital Management LLC increased its stake in Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares during the period. Dfpg Investments LLC lifted its stake in shares of Microsoft by 22.9% in the 1st 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 period. Finally, Allworth Financial LP boosted its holdings in shares of Microsoft by 41.4% in 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.
Microsoft Trading Down 0.6 %
Shares of NASDAQ MSFT opened at $261.47 on Thursday. The business has a 50 day simple moving average of $270.44 and a 200 day simple moving average of $277.26. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The stock has a market cap of $1.95 trillion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.23 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 announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 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 EPS. On average, research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.95%. Microsoft’s dividend payout ratio is currently 25.73%.
Analysts Set New Price Targets
A number of research firms have weighed in on MSFT. Cowen cut their target price on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. Guggenheim began coverage on Microsoft in a research note on Friday, August 12th. They set a “neutral” rating and a $292.00 target price for the company. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research report on Tuesday, July 26th. UBS Group set a $330.00 price objective on shares of Microsoft in a research report on Monday, June 20th. Finally, 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. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $334.31.
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.
Further Reading
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