WealthTrust Axiom LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,269 shares of the software giant’s stock after acquiring an additional 538 shares during the quarter. Microsoft makes up approximately 3.0% of WealthTrust Axiom LLC’s holdings, making the stock its 3rd largest position. WealthTrust Axiom LLC’s holdings in Microsoft were worth $9,640,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. University of Texas Texas AM Investment Managment Co. boosted its stake in Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after acquiring an additional 79 shares in the last quarter. Shore Point Advisors LLC purchased a new stake in shares of Microsoft in the 4th quarter worth approximately $40,000. Tobam increased its position in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC purchased a new position in Microsoft during the first quarter valued at $68,000. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new stake in Microsoft in the fourth quarter worth $80,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Royal Bank of Canada set a $380.00 price target on Microsoft in a research report on Thursday, May 19th. Itau BBA Securities started coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. Guggenheim initiated coverage on shares of Microsoft in a research report on Friday, August 12th. They set a “neutral” rating and a $292.00 price target for the company. KeyCorp lowered their price objective 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, Jefferies Financial Group decreased their price target on Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.
Microsoft Trading Down 1.7 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results 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 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the business earned $2.17 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.97%. Microsoft’s dividend payout ratio is presently 25.73%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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