Girard Partners LTD. lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 109,048 shares of the software giant’s stock after acquiring an additional 1,552 shares during the quarter. Microsoft comprises approximately 3.7% of Girard Partners LTD.’s portfolio, making the stock its 4th largest holding. Girard Partners LTD.’s holdings in Microsoft were worth $33,620,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. ACT Wealth Management LLC lifted its holdings in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares in the last quarter. Wealth Enhancement & Preservation of GA LLC increased its stake in Microsoft by 0.7% in the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after acquiring an additional 34 shares during the last quarter. KB Financial Partners LLC increased its stake in Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after acquiring an additional 35 shares during the last quarter. Valtinson Bruner Financial Planning LLC increased its stake in Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after acquiring an additional 37 shares during the last quarter. Finally, Strategic Asset Management LLC increased its stake in Microsoft by 5.9% in the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on MSFT. Cowen reaffirmed a “maintains” rating on shares of Microsoft in a research note on Wednesday. Itaú Unibanco initiated coverage on Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective on the stock. Evercore ISI cut their target price on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research report on Wednesday, April 27th. KeyCorp cut their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Finally, Royal Bank of Canada set a $380.00 target price on Microsoft in a research report on Thursday, May 19th. One equities research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $334.80.
Microsoft Trading Up 1.6 %
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same period in the previous year, the firm earned $2.17 EPS. Equities research analysts expect that Microsoft Co. will post 9.27 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.
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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