Concentrum Wealth Management raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,999 shares of the software giant’s stock after purchasing an additional 100 shares during the period. Microsoft accounts for 0.8% of Concentrum Wealth Management’s portfolio, making the stock its 26th largest position. Concentrum Wealth Management’s holdings in Microsoft were worth $1,233,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $24,401,940,000. State Street Corp grew its holdings 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 valued at $101,750,881,000 after buying an additional 8,108,943 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $11,872,000. TD Asset Management Inc. grew its holdings in shares of Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 valued at $43,313,705,000 after buying an additional 3,027,306 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.
Microsoft Stock Performance
Shares of NASDAQ MSFT opened at $268.09 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market cap of $2.00 trillion, a P/E ratio of 27.81, a P/E/G ratio of 2.32 and a beta of 0.93. The firm’s fifty day moving average is $269.73 and its two-hundred day moving average is $278.14. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) 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 in the prior year, the company earned $2.17 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Dividend Announcement
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 is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.93%. Microsoft’s dividend payout ratio is currently 25.73%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on the stock. Royal Bank of Canada set a $380.00 price target on shares of Microsoft in a report on Thursday, May 19th. Wedbush dropped their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Morgan Stanley dropped their target price on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Wells Fargo & Company dropped their target price on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Finally, Jefferies Financial Group dropped their target price on shares of Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price 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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