Financial Management Professionals Inc. Has $1.10 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Financial Management Professionals Inc. increased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,579 shares of the software giant’s stock after buying an additional 485 shares during the period. Financial Management Professionals Inc.’s holdings in Microsoft were worth $1,104,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MSFT. ACT Wealth Management LLC raised its holdings in shares of Microsoft by 0.8% during the fourth 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 in the last quarter. Wealth Enhancement & Preservation of GA LLC grew its stake in Microsoft by 0.7% in the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after purchasing an additional 34 shares during the period. KB Financial Partners LLC grew its stake in Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after purchasing an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC grew its stake in Microsoft by 0.9% in the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after purchasing an additional 37 shares during the period. Finally, Strategic Asset Management LLC grew its stake in shares of Microsoft by 5.9% in the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after acquiring an additional 37 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MSFT shares. Mizuho cut their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Credit Suisse Group set a $400.00 target price on Microsoft in a research note on Tuesday, July 26th. Citigroup lowered their price target on Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Evercore ISI lowered their price target on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Finally, Barclays lowered their price target on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. One research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Price Performance

MSFT stock opened at $280.74 on Monday. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company’s fifty day moving average price is $261.36 and its 200-day moving average price 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 company has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last released its 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 44.85% and a net margin of 37.63%. During the same quarter in the previous year, the company posted $2.17 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 9.27 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is 25.89%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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