Financial Counselors Inc. Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Financial Counselors Inc. boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 652,419 shares of the software giant’s stock after acquiring an additional 31,474 shares during the period. Microsoft accounts for 4.2% of Financial Counselors Inc.’s portfolio, making the stock its 2nd largest position. Financial Counselors Inc.’s holdings in Microsoft were worth $201,147,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MSFT. Wealth Enhancement Advisory Services LLC lifted its stake 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 buying an additional 7,210 shares during the period. Arbor Investment Advisors LLC lifted its stake 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 buying an additional 1,357 shares during the period. KRS Capital Management LLC lifted its stake 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 buying an additional 218 shares during the period. Dfpg Investments LLC lifted its stake 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 buying an additional 5,030 shares during the period. Finally, Allworth Financial LP lifted 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 buying an additional 43,189 shares during the period. Institutional investors own 69.99% of the company’s stock.

Microsoft Stock Down 0.3 %

MSFT stock opened at $282.91 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 twelve month low of $241.51 and a twelve month high of $349.67. The business has a 50 day moving average price of $262.96 and a two-hundred day moving average price of $280.24. The company has a market cap of $2.11 trillion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 2.38 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results 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 prior year, the company earned $2.17 EPS. Analysts anticipate that Microsoft Co. will post 10.14 EPS 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 paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is currently 25.73%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Stifel Nicolaus dropped their price target on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. KeyCorp dropped their price target on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Credit Suisse Group set a $400.00 price target on Microsoft in a research report on Tuesday, July 26th. Finally, Redburn Partners assumed coverage on Microsoft in a research report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target on the stock. One investment analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $335.72.

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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