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Paragon Private Wealth Management LLC Buys New Stake in Microsoft Co. (NASDAQ:MSFT)

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Paragon Private Wealth Management LLC bought a new stake in Microsoft Co. (NASDAQ:MSFTGet Rating) during the first quarter, according to its most recent filing with the SEC. The firm bought 13,436 shares of the software giant’s stock, valued at approximately $4,519,000. Microsoft comprises 4.0% of Paragon Private Wealth Management LLC’s holdings, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blodgett Wealth Advisors LLC boosted its holdings in Microsoft by 0.8% in the 1st quarter. Blodgett Wealth Advisors LLC now owns 28,421 shares of the software giant’s stock valued at $8,762,000 after purchasing an additional 238 shares during the period. Tamar Securities LLC boosted its holdings in Microsoft by 27.9% in the 1st quarter. Tamar Securities LLC now owns 60,000 shares of the software giant’s stock valued at $18,499,000 after purchasing an additional 13,101 shares during the period. Consolidated Capital Management LLC boosted its holdings in Microsoft by 0.7% in the 1st quarter. Consolidated Capital Management LLC now owns 46,549 shares of the software giant’s stock valued at $14,352,000 after purchasing an additional 312 shares during the period. Boyar Asset Management Inc. boosted its holdings in Microsoft by 3.4% in the 1st quarter. Boyar Asset Management Inc. now owns 56,963 shares of the software giant’s stock valued at $17,562,000 after purchasing an additional 1,887 shares during the period. Finally, Pettinga Financial Advisors LLC boosted its holdings in Microsoft by 7.9% in the 1st quarter. Pettinga Financial Advisors LLC now owns 3,948 shares of the software giant’s stock valued at $1,217,000 after purchasing an additional 288 shares during the period. 69.99% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 1.0 %

MSFT opened at $278.01 on Tuesday. 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 stock has a market capitalization of $2.08 trillion, a PE ratio of 28.84, a PEG ratio of 2.36 and a beta of 0.93. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The firm has a 50-day moving average price of $261.71 and a two-hundred day moving average price of $280.85.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the firm posted $2.17 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is 25.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Itau BBA Securities started coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Cowen reaffirmed a “maintains” rating on shares of Microsoft in a report on Wednesday, July 27th. Finally, KeyCorp reduced their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. One analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $334.80.

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.

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