Greenspring Advisors LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.0% during the second quarter, HoldingsChannel.com reports. The fund owned 4,751 shares of the software giant’s stock after selling 95 shares during the quarter. Greenspring Advisors LLC’s holdings in Microsoft were worth $1,221,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. University of Texas Texas AM Investment Managment Co. grew its holdings in shares of Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after acquiring an additional 79 shares during the period. Monumental Financial Group Inc. acquired a new stake in Microsoft during the 1st quarter valued at $28,000. Joseph Group Capital Management acquired a new stake in Microsoft during the 4th quarter valued at $1,535,000. Tobam grew its holdings in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Finally, Artemis Wealth Advisors LLC acquired a new stake in Microsoft during the 1st quarter valued at $68,000. Institutional investors and hedge funds own 69.29% of the company’s stock.
Wall Street Analyst Weigh In
MSFT has been the topic of a number of analyst reports. BMO Capital Markets increased their target price on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Piper Sandler lowered their target price on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. KeyCorp reduced their price target on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Itau BBA Securities started coverage on Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Finally, Mizuho reduced their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $332.77.
Microsoft Stock Up 0.8 %
Shares of NASDAQ MSFT opened at $240.98 on Friday. The stock has a fifty day moving average price of $267.65 and a 200 day moving average price of $272.65. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.80 trillion, a P/E ratio of 25.00, a P/E/G ratio of 2.04 and a beta of 0.94. Microsoft Co. has a 12-month low of $237.57 and a 12-month high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.05). The business had revenue of $51.87 billion for the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the prior year, the business earned $2.17 earnings per share. Research analysts anticipate that Microsoft Co. will post 10.15 EPS for the current fiscal year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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