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Microsoft Co. (NASDAQ:MSFT) is Clay Northam Wealth Management LLC’s 6th Largest Position

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Clay Northam Wealth Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.3% in the first quarter, Holdings Channel reports. The firm owned 15,264 shares of the software giant’s stock after selling 45 shares during the period. Microsoft comprises approximately 4.8% of Clay Northam Wealth Management LLC’s holdings, making the stock its 6th biggest position. Clay Northam Wealth Management LLC’s holdings in Microsoft were worth $4,706,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of Microsoft during the 4th quarter valued at $1,535,000. Shore Point Advisors LLC purchased a new position in shares of Microsoft during the 4th quarter valued at $40,000. Macroview Investment Management LLC purchased a new position in shares of Microsoft during the 4th quarter valued at $62,000. TFO TDC LLC grew its position in shares of Microsoft by 6,566.7% during the 4th quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $68,000 after purchasing an additional 197 shares in the last quarter. Finally, Evolution Advisers Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $84,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research analyst reports. Royal Bank of Canada set a $380.00 price objective on shares of Microsoft in a report on Thursday, May 19th. BMO Capital Markets dropped their price objective on shares of Microsoft from $345.00 to $305.00 in a report on Friday, July 15th. UBS Group set a $330.00 price objective on shares of Microsoft in a report on Monday, June 20th. Citigroup lowered their price target on shares of Microsoft from $364.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Piper Sandler lowered their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. One equities research analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $348.07.

Microsoft Price Performance

Shares of MSFT opened at $259.53 on Wednesday. The stock has a market cap of $1.94 trillion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The firm’s 50-day simple moving average is $260.18 and its two-hundred day simple moving average is $284.38.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.04. The business had revenue of $49.36 billion for the quarter, compared to analysts’ expectations of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.95 earnings per share. Analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company 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 $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a dividend yield of 0.96%. Microsoft’s dividend payout ratio is presently 25.89%.

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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