Krilogy Financial LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Krilogy Financial LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 37.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,630 shares of the software giant’s stock after purchasing an additional 10,880 shares during the quarter. Microsoft makes up approximately 1.2% of Krilogy Financial LLC’s holdings, making the stock its 18th largest holding. Krilogy Financial LLC’s holdings in Microsoft were worth $12,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Joseph Group Capital Management acquired a new stake in Microsoft in the 4th quarter worth about $1,535,000. Shore Point Advisors LLC acquired a new stake in Microsoft in the 4th quarter worth about $40,000. Tobam boosted its stake in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in Microsoft in the 1st quarter worth about $68,000. Finally, Evolution Advisers Inc. acquired a new stake in Microsoft in the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $283.65 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The stock’s 50 day moving average is $262.77 and its two-hundred day moving average is $280.22. The company has a market capitalization of $2.12 trillion, a PE 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 results 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 period in the prior year, the company earned $2.17 earnings per share. Analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is 25.73%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MSFT shares. Wolfe Research decreased their price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 29th. Evercore ISI reduced their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research note on Wednesday, April 27th. Royal Bank of Canada set a $380.00 price objective on Microsoft in a research note on Thursday, May 19th. Rosenblatt Securities reduced their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Finally, Piper Sandler reduced their price objective on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. One equities research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $335.72.

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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