Ahrens Investment Partners LLC Purchases 296 Shares of Microsoft Co. (NASDAQ:MSFT)

Ahrens Investment Partners LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,466 shares of the software giant’s stock after acquiring an additional 296 shares during the period. Microsoft comprises about 1.1% of Ahrens Investment Partners LLC’s portfolio, making the stock its 26th biggest position. Ahrens Investment Partners LLC’s holdings in Microsoft were worth $3,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ACT Wealth Management LLC grew its position in shares of Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after buying an additional 34 shares during the last quarter. Krilogy Financial LLC grew its position in shares of Microsoft by 2.5% in the 4th quarter. Krilogy Financial LLC now owns 28,750 shares of the software giant’s stock valued at $9,669,000 after buying an additional 690 shares during the last quarter. Nova R Wealth Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at about $2,236,000. Stevens Capital Management LP grew its position in shares of Microsoft by 54.4% in the 4th quarter. Stevens Capital Management LP now owns 27,394 shares of the software giant’s stock valued at $9,213,000 after buying an additional 9,653 shares during the last quarter. Finally, Bank of The West grew its position in shares of Microsoft by 1.2% in the 4th quarter. Bank of The West now owns 174,586 shares of the software giant’s stock valued at $58,717,000 after buying an additional 2,135 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MSFT shares. The Goldman Sachs Group set a $365.00 price target on Microsoft in a research report on Wednesday, April 27th. William Blair reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a research note on Thursday, June 9th. UBS Group set a $330.00 price objective on Microsoft in a research note on Monday, June 20th. Finally, Cowen dropped their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $335.72.

Microsoft Stock Performance

Shares of Microsoft stock opened at $282.91 on Friday. The company has a market cap of $2.11 trillion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The business has a 50 day moving average price of $262.96 and a 200-day moving average price of $280.24. 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 (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data 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 return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the company earned $2.17 earnings per share. Equities analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced 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. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.

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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