ACT Advisors LLC. Has $1.10 Million Stake in Microsoft Co. (NASDAQ:MSFT)

ACT Advisors LLC. cut its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 18.3% in the first quarter, HoldingsChannel.com reports. The firm owned 3,569 shares of the software giant’s stock after selling 800 shares during the period. Microsoft accounts for approximately 0.7% of ACT Advisors LLC.’s investment portfolio, making the stock its 9th biggest holding. ACT Advisors LLC.’s holdings in Microsoft were worth $1,100,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Microsoft by 5.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after acquiring an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC increased its holdings in shares of Microsoft by 12.6% during the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after acquiring an additional 1,357 shares in the last quarter. KRS Capital Management LLC increased its holdings in shares of Microsoft by 4.8% during the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after acquiring an additional 218 shares in the last quarter. Dfpg Investments LLC increased its holdings in shares of Microsoft by 22.9% during the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after acquiring an additional 5,030 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Microsoft by 41.4% during the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after acquiring an additional 43,189 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MSFT shares. Wolfe Research cut their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Itau BBA Securities started coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. William Blair reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Redburn Partners started coverage on Microsoft in a research report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price on the stock. Finally, Evercore ISI dropped 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. One investment analyst has rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $335.72.

Microsoft Stock Up 0.4 %

NASDAQ MSFT opened at $283.65 on Friday. The business has a fifty day moving average price of $262.77 and a 200 day moving average price of $280.22. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market cap of $2.12 trillion, a P/E ratio of 29.42, a P/E/G ratio of 2.31 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the company earned $2.17 earnings per share. Research analysts anticipate that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Announces Dividend

The company 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 $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.

About Microsoft

(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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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