TFC Financial Management Inc. boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,675 shares of the software giant’s stock after purchasing an additional 1,570 shares during the quarter. Microsoft makes up 1.0% of TFC Financial Management Inc.’s portfolio, making the stock its 15th biggest holding. TFC Financial Management Inc.’s holdings in Microsoft were worth $3,943,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter valued at about $28,000. PayPay Securities Corp bought a new position in Microsoft during the 4th quarter worth approximately $54,000. Gleason Group Inc. raised its position in shares of Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after purchasing an additional 105 shares during the period. Syverson Strege & Co raised its position in shares of Microsoft by 157.0% during the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after purchasing an additional 124 shares during the period. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $83,000. 69.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently commented on MSFT. Tigress Financial raised their target price on Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Royal Bank of Canada raised their price objective on Microsoft from $350.00 to $390.00 in a research note on Wednesday, July 26th. Morgan Stanley raised their target price on Microsoft from $335.00 to $415.00 in a research report on Thursday, July 6th. UBS Group raised Microsoft from a “neutral” rating to a “buy” rating and raised their target price for the stock from $345.00 to $400.00 in a research report on Friday, July 14th. Finally, TD Cowen increased their price objective on Microsoft from $330.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.68.
Insiders Place Their Bets
In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the sale, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.
Microsoft Price Performance
Shares of NASDAQ:MSFT opened at $328.66 on Monday. The company’s fifty day moving average price is $332.77 and its 200-day moving average price is $308.33. The firm has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.38 and a beta of 0.90. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. The business had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.23 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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