ForthRight Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 11.4% in the 1st quarter, Holdings Channel reports. The firm owned 1,363 shares of the software giant’s stock after buying an additional 140 shares during the period. ForthRight Wealth Management LLC’s holdings in Microsoft were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in 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 buying an additional 7,210 shares during the period. Elk River Wealth Management LLC grew its position in Microsoft by 4.8% during the first quarter. Elk River Wealth Management LLC now owns 55,203 shares of the software giant’s stock valued at $17,020,000 after buying an additional 2,544 shares during the period. Steward Financial Group LLC bought a new stake in Microsoft during the fourth quarter valued at approximately $330,000. Oppenheimer Asset Management Inc. grew its position in Microsoft by 0.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant’s stock valued at $241,156,000 after buying an additional 3,421 shares during the period. Finally, Holloway Wealth Management LLC grew its position in Microsoft by 12.0% during the first quarter. Holloway Wealth Management LLC now owns 2,339 shares of the software giant’s stock valued at $721,000 after buying an additional 250 shares during the period. 69.99% of the stock is owned by hedge funds and other institutional investors.
Shares of MSFT opened at $253.67 on Wednesday. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The company has a market cap of $1.90 trillion, a P/E ratio of 26.48, a P/E/G ratio of 2.20 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $262.16 and its 200-day simple moving average is $287.26.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.04. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The business had revenue of $49.36 billion for the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Analysts predict that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is presently 25.89%.
Several brokerages recently issued reports on MSFT. William Blair restated an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Royal Bank of Canada set a $380.00 price target on shares of Microsoft in a research report on Thursday, May 19th. Fundamental Research dropped their price target on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating for the company in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. set a $320.00 price target on shares of Microsoft in a research report on Thursday, June 9th. Finally, The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a research report on Wednesday, April 27th. One investment analyst has rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.72.
Microsoft Profile (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.
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