Harfst & Associates Inc. Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Harfst & Associates Inc. raised its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.8% during the 1st quarter, Holdings Channel reports. The fund owned 10,542 shares of the software giant’s stock after purchasing an additional 481 shares during the period. Microsoft makes up approximately 0.8% of Harfst & Associates Inc.’s investment portfolio, making the stock its 14th biggest position. Harfst & Associates Inc.’s holdings in Microsoft were worth $3,250,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MSFT. ACT Wealth Management LLC increased its position in shares of Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after purchasing an additional 34 shares during the last quarter. Krilogy Financial LLC grew its position in 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 acquiring an additional 690 shares during the last quarter. Nova R Wealth Inc. bought a new position in Microsoft in the 4th quarter valued at $2,236,000. Stevens Capital Management LP grew its position in 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 acquiring an additional 9,653 shares during the last quarter. Finally, Bank of The West grew its position in 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 acquiring an additional 2,135 shares during the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on MSFT. Citigroup cut their price objective on Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Wells Fargo & Company cut their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. Jefferies Financial Group dropped their price target on Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. Barclays dropped their price target on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. 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 analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $335.72.

Microsoft Stock Down 0.3 %

Shares of MSFT stock opened at $282.91 on Friday. The stock’s 50-day simple moving average is $262.96 and its 200-day simple moving average is $280.24. 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 firm has a market capitalization of $2.11 trillion, a PE ratio of 29.35, a P/E/G ratio of 2.38 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced 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 period last year, the business earned $2.17 earnings per share. Equities analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis 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%.

About Microsoft

(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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