Orin Green Financial LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 24.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,788 shares of the software giant’s stock after purchasing an additional 553 shares during the quarter. Orin Green Financial LLC’s holdings in Microsoft were worth $860,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MSFT. Joseph Group Capital Management purchased a new stake in shares of Microsoft in the fourth quarter worth about $1,535,000. Shore Point Advisors LLC purchased a new stake in shares of Microsoft in the fourth quarter worth about $40,000. Tobam boosted its stake in shares of Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new position in Microsoft in the 1st quarter worth about $68,000. Finally, Evolution Advisers Inc. acquired a new position in Microsoft in the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Microsoft Price Performance
Shares of MSFT opened at $280.74 on Friday. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The stock’s 50 day moving average is $261.36 and its two-hundred day moving average is $281.34. The firm has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a P/E/G ratio of 2.01 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30.
Microsoft (NASDAQ:MSFT – Get Rating) last posted 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 37.63% and a return on equity of 44.85%. During the same quarter last year, the company earned $2.17 EPS. Research analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s payout ratio is 25.89%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on MSFT. Itau BBA Securities began coverage on Microsoft in a report on Tuesday. They issued an “outperform” rating and a $287.00 price target for the company. Credit Suisse Group set a $400.00 price target on Microsoft in a report on Tuesday. Citigroup reduced their price target on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday. Wedbush reduced their target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada set a $380.00 target price on Microsoft in a report on Thursday, May 19th. One investment analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $334.80.
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.
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