Peak Financial Management Inc. Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

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Peak Financial Management Inc. lifted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 20.0% in the first quarter, HoldingsChannel reports. The firm owned 4,711 shares of the software giant’s stock after buying an additional 785 shares during the period. Peak Financial Management Inc.’s holdings in Microsoft were worth $1,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp boosted its stake in Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after buying an additional 8,108,943 shares during the period. Geode Capital Management LLC boosted its stake in Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock worth $43,313,705,000 after buying an additional 3,027,306 shares during the period. Norges Bank purchased a new position in Microsoft during the fourth quarter worth about $24,401,940,000. Nuveen Asset Management LLC boosted its stake in Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant’s stock worth $19,231,292,000 after buying an additional 584,273 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Microsoft by 7.5% during the third quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant’s stock worth $13,107,412,000 after buying an additional 3,258,613 shares during the period. 69.99% of the stock is owned by hedge funds and other institutional investors.

Shares of MSFT stock opened at $252.72 on Thursday. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The company has a 50 day moving average price of $261.41 and a 200 day moving average price of $286.69. The firm has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.20 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, topping 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 firm had revenue of $49.36 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same quarter in the prior year, the business posted $1.95 earnings per share. Microsoft’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 9.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.98%. Microsoft’s dividend payout ratio is currently 25.89%.

Several analysts have recently issued reports on MSFT shares. Piper Sandler reduced their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a research report on Friday, July 8th. Citigroup increased their price target on shares of Microsoft from $355.00 to $364.00 in a research report on Wednesday, April 27th. BMO Capital Markets reduced their price target on shares of Microsoft from $345.00 to $340.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 26th. StockNews.com started coverage on shares of Microsoft in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Stifel Nicolaus reduced their price target on shares of Microsoft from $350.00 to $320.00 in a research report on Thursday, June 2nd. One equities research analyst has rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $350.72.

Microsoft Company 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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