BerganKDV Wealth Management LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,957 shares of the software giant’s stock after selling 149 shares during the period. Microsoft accounts for approximately 1.3% of BerganKDV Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. BerganKDV Wealth Management LLC’s holdings in Microsoft were worth $11,703,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in MSFT. Birchcreek Wealth Management LLC raised its holdings in Microsoft by 3.0% during the 4th quarter. Birchcreek Wealth Management LLC now owns 6,765 shares of the software giant’s stock worth $2,275,000 after purchasing an additional 200 shares during the last quarter. Claraphi Advisory Network LLC increased its position in shares of Microsoft by 25.6% during the fourth quarter. Claraphi Advisory Network LLC now owns 14,528 shares of the software giant’s stock worth $4,886,000 after buying an additional 2,963 shares during the period. Capital Market Strategies LLC bought a new position in Microsoft during the fourth quarter worth $4,995,000. Summit Financial LLC lifted its holdings in Microsoft by 26.8% in the fourth quarter. Summit Financial LLC now owns 43,151 shares of the software giant’s stock valued at $14,512,000 after buying an additional 9,113 shares during the period. Finally, Harfst & Associates Inc. boosted its position in Microsoft by 1.1% during the fourth quarter. Harfst & Associates Inc. now owns 10,061 shares of the software giant’s stock valued at $3,383,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Rosenblatt Securities lowered their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. BMO Capital Markets boosted their price target on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Fundamental Research reaffirmed a “hold” rating and set a $280.50 price objective on shares of Microsoft in a research report on Wednesday, August 3rd. 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 research report on Tuesday, July 12th. Finally, 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. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Trading Down 1.7 %
Shares of Microsoft stock opened at $256.06 on Monday. The stock has a fifty day moving average price of $270.44 and a 200-day moving average price of $277.26. 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 $1.91 trillion, a PE ratio of 26.56, a P/E/G ratio of 2.23 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 announced its quarterly earnings data 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 in the prior year, the business posted $2.17 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.
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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