Financial Services News

Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Thoroughbred Financial Services LLC

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Thoroughbred Financial Services LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 50.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,584 shares of the software giant’s stock after acquiring an additional 31,168 shares during the quarter. Microsoft makes up approximately 4.7% of Thoroughbred Financial Services LLC’s holdings, making the stock its 2nd biggest holding. Thoroughbred Financial Services LLC’s holdings in Microsoft were worth $28,544,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MSFT. Legacy CG LLC increased its position in Microsoft by 1.0% in the first quarter. Legacy CG LLC now owns 13,994 shares of the software giant’s stock worth $4,314,000 after buying an additional 139 shares during the period. Brio Consultants LLC grew its position in shares of Microsoft by 15.1% during the first quarter. Brio Consultants LLC now owns 1,646 shares of the software giant’s stock worth $508,000 after acquiring an additional 216 shares during the last quarter. Northeast Investment Management increased its holdings in shares of Microsoft by 0.3% in the 1st quarter. Northeast Investment Management now owns 259,320 shares of the software giant’s stock worth $79,951,000 after acquiring an additional 790 shares during the period. Benjamin Edwards Inc. boosted its stake in Microsoft by 22.3% during the 1st quarter. Benjamin Edwards Inc. now owns 23,585 shares of the software giant’s stock valued at $7,271,000 after purchasing an additional 4,294 shares during the period. Finally, Precision Wealth Strategies LLC boosted its stake in Microsoft by 53.1% during the 1st quarter. Precision Wealth Strategies LLC now owns 4,073 shares of the software giant’s stock valued at $1,256,000 after purchasing an additional 1,412 shares during the period. Institutional investors own 69.99% of the company’s stock.

Microsoft Trading Down 1.4 %

Shares of NASDAQ MSFT opened at $286.15 on Friday. The firm has a market capitalization of $2.13 trillion, a PE ratio of 29.68, a PEG ratio of 2.44 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $266.82 and a two-hundred day moving average price of $279.42.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $2.17 EPS. As a group, analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wolfe Research cut their price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 29th. Citigroup reduced their price target on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Redburn Partners assumed coverage on shares of Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective on the stock. Wells Fargo & Company reduced their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Finally, Mizuho dropped their price target on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.31.

Microsoft Company 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)



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