Baker Tilly Wealth Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,775 shares of the software giant’s stock after purchasing an additional 5,487 shares during the quarter. Microsoft accounts for 3.0% of Baker Tilly Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Baker Tilly Wealth Management LLC’s holdings in Microsoft were worth $27,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. State Street Corp increased its position in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after acquiring an additional 8,108,943 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after acquiring an additional 3,027,306 shares during the last quarter. Norges Bank purchased a new stake in shares of Microsoft during the fourth quarter worth about $24,401,940,000. Nuveen Asset Management LLC increased its position in shares of Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after acquiring an additional 584,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Microsoft by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 39,096,786 shares of the software giant’s stock valued at $13,149,038,000 after buying an additional 652,526 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on MSFT shares. Cowen reissued a “maintains” rating on shares of Microsoft in a report on Wednesday. The Goldman Sachs Group set a $365.00 price objective on Microsoft in a report on Wednesday, April 27th. Itau BBA Securities started coverage on Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective for the company. Cowen lowered their price objective on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, July 22nd. Finally, Stifel Nicolaus lowered their price objective on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $334.80.
Microsoft Stock Performance
MSFT opened at $280.74 on Friday. The company has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The business has a 50 day moving average price of $261.36 and a two-hundred day moving average price of $281.34.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results 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 return on equity of 44.85% and a net margin of 37.63%. During the same period last year, the company earned $2.17 earnings per share. Research analysts predict that Microsoft Co. will post 9.27 EPS for the current fiscal year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued 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 0.88%. Microsoft’s dividend payout ratio is currently 25.89%.
Microsoft Company Profile
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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