Dfpg Investments LLC Has $7.59 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Dfpg Investments LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,038 shares of the software giant’s stock after acquiring an additional 5,030 shares during the quarter. Microsoft comprises 3.0% of Dfpg Investments LLC’s holdings, making the stock its 6th largest holding. Dfpg Investments LLC’s holdings in Microsoft were worth $7,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shore Point Advisors LLC purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $40,000. Macroview Investment Management LLC purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $62,000. TFO TDC LLC boosted its position in shares of Microsoft by 6,566.7% during the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $68,000 after buying an additional 197 shares during the last quarter. Castle Financial & Retirement Planning Associates Inc. purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $80,000. Finally, Evolution Advisers Inc. purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $84,000. Institutional investors own 69.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group set a $330.00 target price on Microsoft in a research report on Monday, June 20th. Piper Sandler cut their target price on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Deutsche Bank Rese… set a $350.00 target price on Microsoft in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on Microsoft from $390.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Finally, Wedbush cut their price objective on Microsoft from $375.00 to $340.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $348.07.

Microsoft Stock Performance

NASDAQ:MSFT opened at $259.53 on Wednesday. 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 52-week low of $241.51 and a 52-week high of $349.67. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.12 and a beta of 0.93. The business’s fifty day moving average is $260.18 and its 200 day moving average is $284.38.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.04. The business had revenue of $49.36 billion for the quarter, compared to analyst estimates of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. Research analysts predict that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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 is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.96%. Microsoft’s dividend payout ratio is currently 25.89%.

Microsoft Company Profile

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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.