Day & Ennis LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Day & Ennis LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,662 shares of the software giant’s stock after selling 256 shares during the period. Microsoft makes up about 1.2% of Day & Ennis LLC’s investment portfolio, making the stock its 29th largest position. Day & Ennis LLC’s holdings in Microsoft were worth $3,596,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSFT. Cedar Brook Financial Partners LLC raised its stake in shares of Microsoft by 6.0% during the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock valued at $5,520,000 after purchasing an additional 931 shares during the period. ACT Wealth Management LLC grew its position 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 worth $1,378,000 after buying an additional 34 shares in the last quarter. Centric Wealth Management grew its position in shares of Microsoft by 6.4% during the fourth quarter. Centric Wealth Management now owns 11,801 shares of the software giant’s stock worth $3,969,000 after buying an additional 706 shares in the last quarter. Buttonwood Financial Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $6,327,000. Finally, Briggs Advisory Group Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth approximately $906,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Ita├║ Unibanco assumed coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a research report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Evercore ISI decreased their price objective on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a report on Wednesday, April 27th. Finally, KeyCorp decreased their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. One analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $335.72.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $283.65 on Friday. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The firm’s 50-day simple moving average is $262.77 and its 200 day simple moving average is $280.22. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.12 trillion, a P/E ratio of 29.42, a P/E/G ratio of 2.31 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last issued 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 36.69% and a return on equity of 43.31%. During the same quarter in the prior year, the firm earned $2.17 EPS. Equities analysts expect that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders 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 0.87%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.

Microsoft 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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