Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Centric Wealth Management

Centric Wealth Management lifted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,862 shares of the software giant’s stock after buying an additional 1,061 shares during the period. Microsoft comprises approximately 1.3% of Centric Wealth Management’s holdings, making the stock its 10th largest holding. Centric Wealth Management’s holdings in Microsoft were worth $3,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Capital Square LLC grew its holdings in shares of Microsoft by 0.8% during the fourth quarter. Capital Square LLC now owns 4,074 shares of the software giant’s stock worth $1,289,000 after buying an additional 33 shares in the last quarter. ACT Wealth Management LLC boosted its position in shares of Microsoft by 0.8% during the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock valued at $1,378,000 after acquiring an additional 34 shares during the last quarter. Wealth Enhancement & Preservation of GA LLC boosted its position in shares of Microsoft by 0.7% during the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock valued at $1,680,000 after acquiring an additional 34 shares during the last quarter. Selective Wealth Management Inc. boosted its position in shares of Microsoft by 0.5% during the 4th quarter. Selective Wealth Management Inc. now owns 6,652 shares of the software giant’s stock valued at $2,237,000 after acquiring an additional 35 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its position in shares of Microsoft by 0.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 3,869 shares of the software giant’s stock valued at $1,301,000 after acquiring an additional 35 shares during the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.

MSFT has been the topic of several recent research reports. Wolfe Research boosted their price target on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Jefferies Financial Group lowered their price target on shares of Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Barclays decreased their target price on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Microsoft from $390.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $353.36.

MSFT stock opened at $253.13 on Thursday. The company’s 50 day moving average price is $267.49 and its 200 day moving average price is $293.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.23 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, beating the consensus estimate of $2.18 by $0.04. The company had revenue of $49.36 billion for the quarter, compared to analyst estimates of $49.05 billion. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 earnings per share. Equities analysts forecast that Microsoft Co. will post 9.28 EPS for the current fiscal year.

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.98%. Microsoft’s dividend payout ratio is currently 25.89%.

Microsoft Profile (Get 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, 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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