Mascoma Wealth Management LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 14.8% in the first quarter, HoldingsChannel reports. The firm owned 7,949 shares of the software giant’s stock after buying an additional 1,024 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Microsoft were worth $2,451,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of Microsoft by 7.5% in the third quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant’s stock worth $13,107,412,000 after buying an additional 3,258,613 shares during the period. Cedar Brook Financial Partners LLC raised its stake in shares of Microsoft by 6.0% in the fourth quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after buying an additional 931 shares during the period. ACT Wealth Management LLC raised its stake in shares of Microsoft by 0.8% in the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after buying an additional 34 shares during the period. Exane Asset Management raised its stake in shares of Microsoft by 9.8% in the fourth quarter. Exane Asset Management now owns 42,455 shares of the software giant’s stock worth $14,278,000 after buying an additional 3,793 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in shares of Microsoft by 7.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 201,471 shares of the software giant’s stock worth $67,770,000 after buying an additional 14,216 shares during the period. 69.99% of the stock is currently owned by institutional investors.
Microsoft Trading Down 1.7 %
Shares of NASDAQ MSFT opened at $260.36 on Friday. The business’s 50 day moving average is $260.39 and its two-hundred day moving average is $283.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 27.18, a PEG ratio of 2.05 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.04. The business had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. As a group, research analysts expect that Microsoft Co. will post 9.27 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 paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is currently 25.89%.
Analyst Ratings Changes
A number of research firms have recently weighed in on MSFT. Wolfe Research upped their price objective on Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 27th. BMO Capital Markets dropped their price objective on Microsoft from $345.00 to $305.00 in a research note on Friday, July 15th. StockNews.com began coverage on Microsoft in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Stifel Nicolaus dropped their price objective on Microsoft from $350.00 to $320.00 in a research note on Thursday, June 2nd. Finally, Cowen dropped their price objective on Microsoft from $360.00 to $330.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $346.52.
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.
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.