Demars Financial Group LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Posted by on Aug 2nd, 2022

Demars Financial Group LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,973 shares of the software giant’s stock after acquiring an additional 1,244 shares during the quarter. Microsoft comprises approximately 2.2% of Demars Financial Group LLC’s portfolio, making the stock its 14th biggest holding. Demars Financial Group LLC’s holdings in Microsoft were worth $4,308,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Shore Point Advisors LLC acquired a new stake in Microsoft in the fourth quarter valued at $40,000. Tobam grew its holdings in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in Microsoft in the first quarter valued at $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in Microsoft in the fourth quarter valued at $80,000. Finally, Evolution Advisers Inc. acquired a new stake in Microsoft in the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $278.01 on Tuesday. The company has a market cap of $2.08 trillion, a P/E ratio of 28.84, a PEG ratio of 2.36 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 Co. has a one year low of $241.51 and a one year high of $349.67. The business’s 50-day simple moving average is $261.71 and its 200 day simple moving average is $280.85.

Microsoft (NASDAQ:MSFT – Get Rating) last announced 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 net margin of 36.69% and a return on equity of 43.31%. During the same period in the previous year, the company earned $2.17 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders 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 annualized dividend and a yield of 0.89%. Microsoft’s dividend payout ratio is presently 25.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. KeyCorp lowered their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Mizuho decreased their price objective on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Royal Bank of Canada set a $380.00 price objective on Microsoft in a research note on Thursday, May 19th. Itau BBA Securities started coverage on Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Finally, Stifel Nicolaus decreased their price objective on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $334.80.

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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