Centerpoint Advisors LLC Has $6.44 Million Position in Microsoft Co. (NASDAQ:MSFT)

Centerpoint Advisors LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,871 shares of the software giant’s stock after selling 126 shares during the period. Microsoft makes up approximately 2.9% of Centerpoint Advisors LLC’s holdings, making the stock its 11th largest position. Centerpoint Advisors LLC’s holdings in Microsoft were worth $6,435,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. 1900 Wealth Management LLC grew its position in Microsoft by 20.7% during the first quarter. 1900 Wealth Management LLC now owns 9,458 shares of the software giant’s stock worth $2,916,000 after buying an additional 1,620 shares in the last quarter. Cyrus J. Lawrence LLC bought a new stake in shares of Microsoft in the 1st quarter worth approximately $27,644,000. Bill Few Associates Inc. grew its holdings in shares of Microsoft by 3.1% during the 1st quarter. Bill Few Associates Inc. now owns 38,141 shares of the software giant’s stock worth $11,760,000 after purchasing an additional 1,164 shares in the last quarter. Wealthpoint LLC increased its position in shares of Microsoft by 10.4% during the first quarter. Wealthpoint LLC now owns 11,941 shares of the software giant’s stock valued at $3,681,000 after purchasing an additional 1,120 shares during the period. Finally, Beacon Financial Advisory LLC raised its stake in shares of Microsoft by 2.8% in the first quarter. Beacon Financial Advisory LLC now owns 13,311 shares of the software giant’s stock valued at $4,104,000 after purchasing an additional 366 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent research reports. UBS Group set a $330.00 price target on shares of Microsoft in a research note on Monday, June 20th. BMO Capital Markets lifted their target price on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. KeyCorp dropped their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Rosenblatt Securities decreased their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Finally, Jefferies Financial Group dropped their target price on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. One equities research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.47.

Microsoft Stock Down 1.1 %

NASDAQ:MSFT opened at $274.82 on Wednesday. The company has a market cap of $2.05 trillion, a price-to-earnings ratio of 28.51, a P/E/G 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. The stock’s fifty day moving average price is $262.01 and its two-hundred day moving average price is $280.55. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (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 last year, the business posted $2.17 EPS. On average, analysts anticipate that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is 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.

Featured Articles

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

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.