Thoroughbred Financial Services LLC increased its equity stake in Microsoft Co. (NASDAQ: MSFT – Get a rating) by 50.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company held 92,584 shares of the software giant after acquiring 31,168 additional shares during the quarter. Microsoft accounts for about 4.7% of Thoroughbred Financial Services LLC’s holdings, making the stock its second largest holding. Thoroughbred Financial Services LLC’s holdings in Microsoft were worth $28,544,000 when it last filed with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of MSFT. Legacy CG LLC increased its position in Microsoft by 1.0% in the first quarter. Legacy CG LLC now owns 13,994 shares of the software giant worth $4,314,000 after purchasing an additional 139 shares during the period. Brio Consultants LLC increased its position in Microsoft shares by 15.1% during the first quarter. Brio Consultants LLC now owns 1,646 shares of the software giant worth $508,000 after acquiring 216 additional shares in the last quarter. Northeast Investment Management increased its stake in Microsoft shares by 0.3% in the 1st quarter. Northeast Investment Management now owns 259,320 shares of the software giant worth $79,951,000 after acquiring an additional 790 shares during the period. Benjamin Edwards Inc. increased its stake in Microsoft by 22.3% in the first quarter. Benjamin Edwards Inc. now owns 23,585 shares of the software giant valued at $7,271,000 after purchasing an additional 4,294 shares during the period. Finally, Precision Wealth Strategies LLC increased its stake in Microsoft by 53.1% in the 1st quarter. Precision Wealth Strategies LLC now owns 4,073 shares of the software giant valued at $1,256,000 after purchasing an additional 1,412 shares during the period. Institutional investors hold 69.99% of the company’s shares.
Microsoft down 1.4%
Shares of NASDAQ MSFT opened at $286.15 on Friday. The company has a market capitalization of $2.13 trillion, a PE ratio of 29.68, a PEG ratio of 2.44 and a beta of 0.93. Microsoft Co. has a one-year low of $241.51 and a one-year high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt ratio of 0.28. The company has a 50-day moving average price of $266.82 and a two-hundred-day moving average price of $279.42.
Microsoft (NASDAQ: MSFT – Get a rating) last reported quarterly earnings data on Tuesday, July 26. The software giant reported EPS of $2.23 for the quarter, missing analyst consensus estimates of $2.29 per ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. In the same quarter of the previous year, the company achieved EPS of $2.17. As a group, analysts predict Microsoft Co. will post earnings per share of 10.14 for the current fiscal year.
Microsoft dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62. The ex-date of this dividend is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.
Analyst upgrades and downgrades
A number of equity research analysts have weighed in on the company recently. Wolfe Research cut its price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a Friday July 29 report. Citigroup reduced its price target on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a Wednesday, July 27 research report. Redburn Partners assumed coverage for Microsoft shares in a Wednesday, June 29 research note. They have set a “buy” rating and a price target of $370.00 on the stock. Wells Fargo & Company cut its price target on Microsoft stock from $400.00 to $350.00 and set an “overweight” rating for the company in a Monday, July 25 report. Finally, Mizuho lowered its price target on Microsoft shares from $350.00 to $340.00 and set a “buy” rating on the stock in a Tuesday, July 19 research report. Two equity research analysts gave the stock a hold rating and thirty-one gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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 Process, 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 business divisions.
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