Cliftonlarsonallen Wealth Advisors LLC Buys 1,442 Shares of Microsoft Co. (NASDAQ:MSFT)

Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,302 shares of the software giant’s stock after purchasing an additional 1,442 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Microsoft were worth $11,809,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Joseph Group Capital Management bought a new position in shares of Microsoft during the 4th quarter valued at approximately $1,535,000. Shore Point Advisors LLC purchased a new position in Microsoft during the 4th quarter valued at $40,000. Tobam boosted its holdings in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares during the period. Artemis Wealth Advisors LLC purchased a new position in Microsoft during the 1st quarter valued at $68,000. Finally, Evolution Advisers Inc. purchased a new position in Microsoft during the 4th quarter valued at $84,000. Institutional investors own 69.99% of the company’s stock.

Microsoft Stock Up 1.6 %

Shares of MSFT stock opened at $280.74 on Monday. The stock’s 50-day simple moving average is $261.36 and its 200-day simple moving average is $281.11. 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 firm has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a P/E/G ratio of 2.01 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.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 37.63% and a return on equity of 44.85%. During the same period last year, the business earned $2.17 earnings per share. Equities analysts expect that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders 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 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.89%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MSFT shares. Jefferies Financial Group dropped their price objective on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Piper Sandler dropped their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Wolfe Research dropped their price objective on Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a report on Friday. Redburn Partners assumed coverage on Microsoft in a report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective for the company. Finally, Itau BBA Securities assumed coverage on Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price for the company. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $334.80.

Microsoft Company Profile

(Get Rating)

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

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Want More Great Investing Ideas?

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.