Bond & Devick Financial Network Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.3% during the 1st quarter, Holdings Channel reports. The firm owned 13,716 shares of the software giant’s stock after selling 320 shares during the period. Microsoft comprises about 3.4% of Bond & Devick Financial Network Inc.’s portfolio, making the stock its 9th biggest holding. Bond & Devick Financial Network Inc.’s holdings in Microsoft were worth $4,229,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Joseph Group Capital Management bought a new stake in Microsoft in the 4th quarter worth approximately $1,535,000. Shore Point Advisors LLC bought a new stake in Microsoft in the 4th quarter worth approximately $40,000. Tobam increased its stake in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares during the last quarter. Macroview Investment Management LLC bought a new stake in Microsoft in the 4th quarter worth approximately $62,000. Finally, Artemis Wealth Advisors LLC bought a new stake in Microsoft in the 1st quarter worth approximately $68,000. Institutional investors own 69.99% of the company’s stock.
Analysts Set New Price Targets
MSFT has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective on Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday. Mizuho dropped their target price on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. KeyCorp dropped their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. The Goldman Sachs Group set a $365.00 target price on Microsoft in a report on Wednesday, April 27th. Finally, Wolfe Research lifted their target price on Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $344.90.
Microsoft Trading Down 0.6 %
MSFT opened at $258.83 on Tuesday. The firm has a market cap of $1.94 trillion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.02 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. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The stock has a fifty day moving average price of $260.34 and a 200-day moving average price of $282.36.
Microsoft (NASDAQ:MSFT – Get Rating) last released 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 return on equity of 44.85% and a net margin of 37.63%. The firm had revenue of $49.36 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same period in the previous year, the company posted $1.95 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.89%.
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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