Encompass Wealth Advisors LLC Acquires 655 Shares of Microsoft Co. (NASDAQ:MSFT)

Encompass Wealth Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.5% during the 1st quarter, Holdings Channel reports. The fund owned 27,009 shares of the software giant’s stock after acquiring an additional 655 shares during the quarter. Microsoft makes up 2.1% of Encompass Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Encompass Wealth Advisors LLC’s holdings in Microsoft were worth $8,327,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after acquiring an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC raised its holdings in Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after acquiring an additional 1,357 shares in the last quarter. KRS Capital Management LLC raised its holdings in Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after acquiring an additional 218 shares in the last quarter. Dfpg Investments LLC raised its holdings in Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after acquiring an additional 5,030 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after purchasing an additional 43,189 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. William Blair reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday, April 27th. Mizuho dropped their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Fundamental Research reiterated a “hold” rating and issued a $280.50 price target on shares of Microsoft in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Finally, The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a research note on Wednesday, April 27th. One analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.72.

Microsoft Price Performance

Microsoft stock opened at $282.91 on Friday. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. 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 business has a fifty day moving average of $262.96 and a two-hundred day moving average of $280.24. The company has a market cap of $2.11 trillion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93.

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

Microsoft Announces Dividend

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 paid a dividend of $0.62 per share. 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 (DPR) 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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