Horizon Investments LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 16.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,889 shares of the software giant’s stock after buying an additional 21,182 shares during the quarter. Microsoft comprises 1.3% of Horizon Investments LLC’s portfolio, making the stock its 20th biggest holding. Horizon Investments LLC’s holdings in Microsoft were worth $45,596,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. boosted its holdings in Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after acquiring an additional 79 shares during the period. Monumental Financial Group Inc. bought a new stake in Microsoft during the first quarter valued at about $28,000. Shore Point Advisors LLC bought a new stake in Microsoft during the fourth quarter valued at about $40,000. Tobam boosted its holdings 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 acquiring an additional 154 shares during the period. Finally, Artemis Wealth Advisors LLC bought a new stake in Microsoft during the first quarter valued at about $68,000. 69.29% of the stock is owned by institutional investors and hedge funds.
Microsoft Trading Up 2.3 %
Shares of NASDAQ MSFT opened at $264.46 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The firm has a 50 day moving average price of $270.08 and a two-hundred day moving average price of $275.54. The stock has a market cap of $1.97 trillion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (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 earned $2.17 EPS. As a group, equities analysts forecast that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.73%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on MSFT shares. Wolfe Research reduced their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. Mizuho reduced their target price on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Barclays dropped their price target on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, June 10th. Wells Fargo & Company dropped their price target on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Finally, Citigroup dropped their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Company Profile
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.
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.