Microsoft Co. (NASDAQ:MSFT) is Crawford Investment Counsel Inc.’s 2nd Largest Position

Crawford Investment Counsel Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 590,748 shares of the software giant’s stock after selling 8,590 shares during the period. Microsoft comprises about 3.5% of Crawford Investment Counsel Inc.’s holdings, making the stock its 2nd biggest position. Crawford Investment Counsel Inc.’s holdings in Microsoft were worth $182,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Birchcreek Wealth Management LLC increased its holdings in Microsoft by 3.0% in the 4th quarter. Birchcreek Wealth Management LLC now owns 6,765 shares of the software giant’s stock worth $2,275,000 after buying an additional 200 shares during the period. Lee Financial Co grew its stake in shares of Microsoft by 3.5% during the 4th quarter. Lee Financial Co now owns 21,985 shares of the software giant’s stock worth $7,394,000 after purchasing an additional 752 shares during the period. Firethorn Wealth Partners LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $2,705,000. Tobias Financial Advisors Inc. grew its stake in shares of Microsoft by 1,353.1% during the 4th quarter. Tobias Financial Advisors Inc. now owns 16,057 shares of the software giant’s stock worth $5,400,000 after purchasing an additional 14,952 shares during the period. Finally, Baker Tilly Wealth Management LLC grew its stake in shares of Microsoft by 10.5% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 83,288 shares of the software giant’s stock worth $28,011,000 after purchasing an additional 7,914 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Stock Up 2.3 %

Shares of MSFT opened at $264.46 on Friday. The firm has a market cap of $1.97 trillion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company’s 50-day moving average price is $270.08 and its 200 day moving average price is $275.62. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) 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 previous year, the business earned $2.17 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th were paid a dividend of $0.62 per share. The ex-dividend date was Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.94%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSFT. Barclays dropped their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research note on Friday, June 10th. Guggenheim began coverage on shares of Microsoft in a research note on Friday, August 12th. They set a “neutral” rating and a $292.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a research note on Thursday, June 9th. Finally, Itau BBA Securities assumed coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Two investment analysts have 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $334.31.

Microsoft Profile

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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