Security National Bank reduced its stake in Microsoft Co. (NASDAQ: MSFT – Get a rating) by 1.1% during the first quarter, according to its most recent Form 13F filed with the Securities & Exchange Commission. The fund held 51,684 shares of the software giant after selling 560 shares during the period. Microsoft represents approximately 3.6% of National Bank Security’s investment portfolio, making it its 4th largest holding. National Bank’s holdings in Microsoft were worth $15,935,000 when it last filed with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. Wealth Enhancement Advisory Services LLC increased its stake in Microsoft by 5.7% in Q1. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant worth $42,237,000 after buying an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC increased its position in Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant worth $3,743,000 after purchasing an additional 1,357 shares during the period. Dfpg Investments LLC increased its position in Microsoft by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant worth $7,585,000 after purchasing an additional 5,030 shares during the period. Allworth Financial LP increased its position in Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant worth $45,441,000 after buying an additional 43,189 shares during the period. Finally, Elk River Wealth Management LLC increased its position in Microsoft by 4.8% in the first quarter. Elk River Wealth Management LLC now owns 55,203 shares of the software giant worth $17,020,000 after purchasing an additional 2,544 shares during the period. 69.99% of the shares are currently held by institutional investors and hedge funds.
Microsoft down 1.7%
NASDAQ MSFT opened at $260.36 on Friday. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company has a debt ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The stock has a market capitalization of $1.95 trillion, a price/earnings ratio of 27.18, a PEG ratio of 2.05 and a beta of 0.93. The company’s 50-day moving average price is $260.39 and its two-hundred-day moving average price is $283.19.
Microsoft (NASDAQ: MSFT – Get a rating) last released its quarterly earnings data on Tuesday, April 26. The software giant reported earnings per share of $2.22 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 company posted revenue of $49.36 billion for the quarter, versus $49.05 billion expected by analysts. During the same period a year earlier, the company posted EPS of $1.95. The company’s quarterly revenue increased by 18.4% compared to the same quarter last year. Stock analysts expect Microsoft Co. to post EPS of 9.27 for the current year.
Microsoft announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62. The ex-date of this dividend is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a yield of 0.95%. Microsoft’s payout rate is 25.89%.
Changes to analyst ratings
Several equity research analysts have weighed in on the company. Cowen lowered his target price on Microsoft from $360.00 to $330.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company lowered its target price on Microsoft from $425.00 to $400.00 and set an “overweight” rating on the stock in a Tuesday, April 19 research report. Wolfe Research raised its price target on Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a Wednesday, April 27 research report. KeyCorp cut its price target on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a Thursday, July 7 research report. Finally, William Blair reiterated an “outperforming” rating on Microsoft shares in a Wednesday, April 27 research report. A research analyst rated the stock with a hold rating and thirty-one gave the company a buy rating. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.52.
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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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