NTB Financial Corp lessened its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,409 shares of the software giant’s stock after selling 72 shares during the quarter. Microsoft makes up about 2.7% of NTB Financial Corp’s holdings, making the stock its 3rd largest position. NTB Financial Corp’s holdings in Microsoft were worth $3,826,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of MSFT. Shore Point Advisors LLC purchased a new stake in Microsoft in the 4th quarter valued at about $40,000. Tobam increased its position in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC bought a new stake in Microsoft during the first quarter worth $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft in the 4th quarter valued at $80,000. Finally, Evolution Advisers Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. The Goldman Sachs Group set a $365.00 price objective on shares of Microsoft in a report on Wednesday, April 27th. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a report on Thursday, June 9th. Wedbush reduced their price objective on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Credit Suisse Group set a $400.00 target price on Microsoft in a research note on Tuesday, July 26th. Finally, Itau BBA Securities initiated coverage on Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $334.31.
Microsoft Price Performance
MSFT stock opened at $291.91 on Monday. The firm has a market cap of $2.18 trillion, a P/E ratio of 30.28, a P/E/G ratio of 2.46 and a beta of 0.93. The firm’s fifty day moving average is $264.33 and its 200 day moving average is $279.55. 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.
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 net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the business earned $2.17 EPS. Research 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. Shareholders 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 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.
Microsoft Company 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.
Further Reading
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