BCS Wealth Management reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.7% in the first quarter, Holdings Channel.com reports. The fund owned 6,408 shares of the software giant’s stock after selling 462 shares during the quarter. Microsoft makes up about 0.8% of BCS Wealth Management’s holdings, making the stock its 25th biggest holding. BCS Wealth Management’s holdings in Microsoft were worth $1,976,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Joseph Group Capital Management bought a new stake in Microsoft during the fourth quarter valued at approximately $1,535,000. Shore Point Advisors LLC bought a new stake in Microsoft during the fourth quarter valued at approximately $40,000. Tobam lifted its position in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC bought a new stake in Microsoft during the first quarter valued at approximately $68,000. Finally, Evolution Advisers Inc. bought a new stake in Microsoft during the fourth quarter valued at approximately $84,000. 69.99% of the stock is currently owned by institutional investors.
Microsoft Stock Performance
Shares of MSFT stock opened at $283.65 on Friday. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The stock has a market cap of $2.12 trillion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.31 and a beta of 0.93. 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’s fifty day moving average price is $262.77 and its 200-day moving average price is $280.22.
Microsoft (NASDAQ:MSFT – Get Rating) last issued 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 43.31% and a net margin of 36.69%. During the same period in the previous year, the business posted $2.17 earnings per share. On average, equities analysts expect that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on MSFT. UBS Group set a $330.00 target price on shares of Microsoft in a research report on Monday, June 20th. William Blair reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. KeyCorp decreased their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Wedbush decreased their price target on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Finally, Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $335.72.
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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