IVC Wealth Advisors LLC Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

IVC Wealth Advisors LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,544 shares of the software giant’s stock after purchasing an additional 274 shares during the period. IVC Wealth Advisors LLC’s holdings in Microsoft were worth $784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MSFT. Norges Bank purchased a new stake in Microsoft during the fourth quarter valued at approximately $24,401,940,000. Allspring Global Investments Holdings LLC purchased a new stake in Microsoft during the fourth quarter valued at approximately $2,952,329,000. State Street Corp increased its holdings in Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares during the last quarter. Castleview Partners LLC purchased a new stake in Microsoft during the fourth quarter valued at approximately $11,872,000. Finally, TD Asset Management Inc. increased its holdings in Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares during the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. The Goldman Sachs Group set a $365.00 target price on shares of Microsoft in a report on Wednesday, April 27th. Cowen dropped their price target on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research report on Tuesday, July 26th. Finally, Redburn Partners assumed coverage on shares of Microsoft in a research report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target for the company. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Trading Down 1.0 %

Shares of MSFT opened at $278.01 on Tuesday. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The company has a market cap of $2.08 trillion, a P/E ratio of 28.84, a P/E/G ratio of 2.36 and a beta of 0.93. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The company’s fifty day simple moving average is $261.71 and its 200-day simple moving average is $280.85.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share 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 company posted $2.17 earnings per share. As a group, analysts expect that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.

About Microsoft

(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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