Capital Investment Advisors LLC raised its stake in shares of Microsoft Co. (NASDAQ: MSFT – Get a rating) by 0.7% in Q1, according to its most recent Form 13F filing with the SEC. The institutional investor held 171,911 shares of the software giant after purchasing an additional 1,256 shares during the period. Microsoft accounts for about 1.6% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 11th-highest position. Capital Investment Advisors LLC’s holdings in Microsoft were worth $53,002,000 when it last filed with the SEC.
Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. Capital Square LLC increased its position in Microsoft by 0.8% in the 4th quarter. Capital Square LLC now owns 4,074 shares of the software giant valued at $1,289,000 after acquiring 33 additional shares last quarter. ACT Wealth Management LLC increased its position in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant valued at $1,378,000 after acquiring 34 additional shares last quarter. Wealth Enhancement & Preservation of GA LLC increased its position in Microsoft by 0.7% in the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant valued at $1,680,000 after acquiring 34 additional shares in the last quarter. Selective Wealth Management Inc. increased its position in Microsoft by 0.5% in the 4th quarter. Selective Wealth Management Inc. now owns 6,652 shares of the software giant valued at $2,237,000 after acquiring 35 additional shares last quarter. Finally, Conestoga Capital Advisors LLC increased its position in Microsoft by 0.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,869 shares of the software giant valued at $1,301,000 after acquiring 35 additional shares last quarter. Institutional investors and hedge funds own 69.99% of the company’s shares.
NASDAQ MSFT opened at $256.83 on Friday. The company has a debt ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 26.81, a growth price-to-earnings ratio of 2.42 and a beta of 0.94. The company’s 50-day simple moving average is $264.94 and its two-hundred-day simple moving average is $290.91. Microsoft Co. has a one-year low of $241.51 and a one-year high of $349.67.
Microsoft (NASDAQ: MSFT – Get a rating) last released its results on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating consensus analyst estimates of $2.18 by $0.04. The company posted revenue of $49.36 billion for the quarter, versus a consensus estimate of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company’s revenue for the quarter increased 18.4% year over year. During the same quarter last year, the company posted EPS of $1.95. Stock analysts expect Microsoft Co. to post earnings per share of 9.28 for the current fiscal year.
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. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.97%. The ex-date of this dividend is Wednesday, August 17. Microsoft’s payout ratio is currently 25.89%.
Several research companies have commented on MSFT. Deutsche Bank Aktiengesellschaft lowered its price target on Microsoft shares from $390.00 to $350.00 and set a “buy” rating for the company in a Wednesday, April 27 research note. Redburn Partners began covering Microsoft shares in a research note on Wednesday. They issued a “buy” rating and a price target of $370.00 for the company. JPMorgan Chase & Co. set a price target of $320.00 on Microsoft stock in a Thursday, June 9 research note. William Blair reiterated an “outperforming” rating on Microsoft shares in a Wednesday, April 27 research note. Finally, BMO Capital Markets cut its price target on Microsoft shares from $345.00 to $340.00 and set an “outperform” rating for the company in a Tuesday, April 26 research note. An equity research analyst rated the stock with a hold rating and thirty gave the company a buy rating. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $353.93.
About Microsoft (Get a rating)
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, and associated client access licenses (CALs); 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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