Paces Ferry Wealth Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,179 shares of the software giant’s stock after purchasing an additional 309 shares during the quarter. Microsoft makes up approximately 2.0% of Paces Ferry Wealth Advisors LLC’s holdings, making the stock its 11th biggest position. Paces Ferry Wealth Advisors LLC’s holdings in Microsoft were worth $2,522,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Microsoft by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after purchasing an additional 7,210 shares during the period. Elk River Wealth Management LLC boosted its stake in Microsoft by 4.8% in the 1st quarter. Elk River Wealth Management LLC now owns 55,203 shares of the software giant’s stock worth $17,020,000 after purchasing an additional 2,544 shares during the period. Steward Financial Group LLC bought a new position in Microsoft in the 4th quarter worth approximately $330,000. Oppenheimer Asset Management Inc. boosted its position in shares of Microsoft by 0.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant’s stock valued at $241,156,000 after acquiring an additional 3,421 shares during the last quarter. Finally, Holloway Wealth Management LLC boosted its position in shares of Microsoft by 12.0% during the 1st quarter. Holloway Wealth Management LLC now owns 2,339 shares of the software giant’s stock valued at $721,000 after acquiring an additional 250 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.
A number of research analysts have recently commented on MSFT shares. Stifel Nicolaus lowered their target price on Microsoft from $350.00 to $320.00 in a research report on Thursday, June 2nd. Jefferies Financial Group lowered their target price on Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. Credit Suisse Group set a $400.00 target price on Microsoft in a research report on Friday, June 3rd. Evercore ISI decreased their price target on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a report on Wednesday, April 27th. Finally, BMO Capital Markets decreased their price target on Microsoft from $345.00 to $340.00 and set an “outperform” rating on the stock in a report on Tuesday, April 26th. One analyst has rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $350.72.
Shares of Microsoft stock opened at $254.08 on Friday. The firm has a market cap of $1.90 trillion, a P/E ratio of 26.52, a P/E/G ratio of 2.20 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The stock’s fifty day moving average price is $260.95 and its 200-day moving average price is $286.14.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, beating the consensus estimate of $2.18 by $0.04. The firm had revenue of $49.36 billion for the quarter, compared to analyst estimates of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 earnings per share. Analysts forecast that Microsoft Co. will post 9.27 earnings per share for the current year.
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. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.98%. Microsoft’s dividend payout ratio is currently 25.89%.
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.
Want More Great Investing Ideas?
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.