Intelligence Driven Advisers LLC Has $874,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

Intelligence Driven Advisers LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 33.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,899 shares of the software giant’s stock after selling 1,463 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Microsoft were worth $874,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Shore Point Advisors LLC acquired a new stake in Microsoft in the fourth quarter valued at about $40,000. Macroview Investment Management LLC acquired a new stake in Microsoft in the fourth quarter valued at about $62,000. Artemis Wealth Advisors LLC acquired a new stake in Microsoft in the first quarter valued at about $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in Microsoft in the fourth quarter valued at about $80,000. Finally, Evolution Advisers Inc. acquired a new stake in Microsoft in the fourth quarter valued at about $84,000. 69.99% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 1.7 %

Shares of Microsoft stock opened at $260.36 on Monday. 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 stock has a 50 day moving average price of $260.39 and a two-hundred day moving average price of $282.84. The stock has a market capitalization of $1.95 trillion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 2.02 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (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 analysts’ expectations of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. Microsoft’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors 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 annualized dividend and a dividend yield of 0.95%. Microsoft’s payout ratio is 25.89%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho cut their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. JPMorgan Chase & Co. set a $320.00 price target on Microsoft in a research note on Thursday, June 9th. Wedbush cut their price target on Microsoft from $375.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Credit Suisse Group set a $400.00 price target on Microsoft in a research note on Friday, June 3rd. Finally, Barclays cut their price target on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research note on Friday, June 10th. One analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $346.52.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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