Intelligent Financial Strategies Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

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Intelligent Financial Strategies decreased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 19.7% during the first quarter, Holdings Channel.com reports. The fund owned 6,243 shares of the software giant’s stock after selling 1,533 shares during the quarter. Microsoft accounts for approximately 1.9% of Intelligent Financial Strategies’ investment portfolio, making the stock its 12th largest position. Intelligent Financial Strategies’ holdings in Microsoft were worth $1,925,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Shore Point Advisors LLC purchased a new stake in shares of Microsoft in the 4th quarter worth about $40,000. Macroview Investment Management LLC purchased a new stake in shares of Microsoft in the 4th quarter worth about $62,000. Artemis Wealth Advisors LLC purchased a new stake in shares of Microsoft in the 1st quarter worth about $68,000. Castle Financial & Retirement Planning Associates Inc. purchased a new stake in shares of Microsoft in the 4th quarter worth about $80,000. Finally, Evolution Advisers Inc. purchased a new stake in shares of Microsoft in the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Trading Down 1.7 %

Shares of NASDAQ:MSFT opened at $260.36 on Friday. The stock has a market capitalization of $1.95 trillion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.05 and a beta of 0.93. 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 stock’s 50-day simple moving average is $260.39 and its two-hundred day simple moving average is $283.19. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.04. The business had revenue of $49.36 billion for the quarter, compared to analysts’ expectations of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $1.95 earnings per share. Analysts expect that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is 25.89%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Barclays lowered their price target on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, June 10th. Evercore ISI lowered their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research report on Wednesday, April 27th. Wells Fargo & Company lowered their price target on shares of Microsoft from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. Finally, StockNews.com initiated coverage on shares of Microsoft in a research report on Thursday, March 31st. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.52.

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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