Tandem Capital Management Corp ADV Has $7.83 Million Position in Microsoft Co. (NASDAQ:MSFT)

Tandem Capital Management Corp ADV lowered its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,574 shares of the software giant’s stock after selling 1,172 shares during the quarter. Microsoft accounts for approximately 5.4% of Tandem Capital Management Corp ADV’s portfolio, making the stock its largest position. Tandem Capital Management Corp ADV’s holdings in Microsoft were worth $7,830,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ACT Wealth Management LLC raised its stake in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after acquiring an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC raised its stake in Microsoft by 0.7% in the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after acquiring an additional 34 shares during the period. Hanlon Investment Management Inc. raised its stake in Microsoft by 1.2% in the 4th quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant’s stock valued at $965,000 after acquiring an additional 35 shares during the period. KB Financial Partners LLC raised its stake in Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after acquiring an additional 35 shares during the period. Finally, Valtinson Bruner Financial Planning LLC raised its stake in Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after acquiring an additional 37 shares during the period. Institutional investors own 69.99% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $258.83 on Tuesday. The firm has a market cap of $1.94 trillion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The business has a 50 day moving average price of $260.34 and a 200-day moving average price of $282.36.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.04. The firm had revenue of $49.36 billion during the quarter, compared to analyst estimates of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Equities research analysts predict that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Dividend Announcement

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 dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.96%. Microsoft’s dividend payout ratio is presently 25.89%.

Analyst Ratings Changes

MSFT has been the topic of a number of research reports. William Blair restated an “outperform” rating on shares of Microsoft in a research note on Wednesday, April 27th. Jefferies Financial Group lowered their price objective on Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Credit Suisse Group set a $400.00 price target on Microsoft in a research report on Friday, June 3rd. Evercore ISI decreased their price target on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research report on Wednesday, April 27th. Finally, UBS Group set a $330.00 price target on Microsoft in a research report on Monday, June 20th. One equities research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $344.90.

Microsoft Profile

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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