New York State Common Retirement Fund increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,697,042 shares of the software giant’s stock after acquiring an additional 40,408 shares during the quarter. Microsoft comprises approximately 5.2% of New York State Common Retirement Fund’s portfolio, making the stock its 2nd largest holding. New York State Common Retirement Fund owned about 0.21% of Microsoft worth $4,839,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after purchasing an additional 7,210 shares during the period. Arbor Investment Advisors LLC increased its stake in Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after purchasing an additional 1,357 shares during the period. KRS Capital Management LLC increased its stake in Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after purchasing an additional 218 shares during the period. Dfpg Investments LLC increased its stake in Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after purchasing an additional 5,030 shares during the period. Finally, Allworth Financial LP increased its stake in Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after purchasing an additional 43,189 shares during the period. 69.99% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance
NASDAQ:MSFT opened at $275.79 on Thursday. The firm has a 50 day simple moving average of $268.65 and a 200-day simple moving average of $278.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The firm has a market cap of $2.06 trillion, a PE ratio of 28.61, a P/E/G ratio of 2.34 and a beta of 0.93. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data 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 net margin of 36.69% and a return on equity of 43.31%. During the same quarter last 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 year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors 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 yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.
Wall Street Analyst Weigh In
A number of research firms have commented on MSFT. Piper Sandler dropped their price objective on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Jefferies Financial Group lowered their target price on shares of Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Itau BBA Securities began coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. The Goldman Sachs Group set a $365.00 target price on shares of Microsoft in a report on Wednesday, April 27th. Finally, Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a report on Thursday, May 19th. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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