Capital Market Strategies LLC acquires 226 shares of Microsoft Co. (NASDAQ:MSFT)

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Capital Market Strategies LLC increased its holdings of Microsoft Co. (NASDAQ:MSFT – Get Rating) stock 1.5% in the first quarter, Holdings Channel.com reports. The company held 15,077 shares of the software giant after buying an additional 226 shares during the quarter. Microsoft accounts for approximately 4.0% of Capital Market Strategies LLC’s portfolio, making the stock its 3rd largest position. Capital Market Strategies LLC’s holdings in Microsoft were worth $4,648,000 at the end of the last quarter.

Other institutional investors and hedge funds also changed their stakes in the company. Shore Point Advisors LLC acquired a new position in Microsoft during the fourth quarter worth approximately $40,000. Macroview Investment Management LLC acquired a new position in Microsoft during the fourth quarter worth approximately $62,000. TFO TDC LLC increased its stake in Microsoft by 6,566.7% during the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant worth $68,000 after acquiring 197 additional shares during the period. Castle Financial & Retirement Planning Associates Inc. acquired a new position in Microsoft during the fourth quarter worth approximately $80,000. Finally, Evolution Advisers Inc. acquired a new position in Microsoft during the fourth quarter worth approximately $84,000. 69.99% of the shares are currently held by institutional investors.

MSFT shares opened at $267.66 on Friday. The stock’s 50-day simple moving average is $263.12 and its 200-day simple moving average is $288.46. The company has a debt ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company has a market capitalization of $2 trillion, a price to earnings ratio of 27.94, a PEG ratio of 2.18 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last released quarterly earnings data on Tuesday, April 26. The software giant reported earnings per share of $2.22 for the quarter, beating consensus analyst estimates of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company posted revenue of $49.36 billion for the quarter, versus a consensus estimate of $49.05 billion. During the same period last year, the company achieved EPS of $1.95. The company’s revenue increased by 18.4% compared to the same quarter last year. On average, analysts expect Microsoft Co. to post EPS of 9.28 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Investors of record on Thursday August 18 will receive a dividend of $0.62. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.93%. The ex-date of this dividend is Wednesday, August 17. Microsoft’s payout rate is 25.89%.

A number of equity analysts have recently weighed in on MSFT shares. StockNews.com began covering Microsoft in a research report on Thursday, March 31. They issued a “buy” rating for the company. UBS Group set Microsoft a price target of $330.00 in a Monday, June 20 research report. BMO Capital Markets cut its price target on Microsoft from $345.00 to $340.00 and set an “outperform” rating for the company in a Tuesday, April 26 research report. Piper Sandler cut her price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Redburn Partners began covering Microsoft in a research report on Wednesday, June 29. They issued a “buy” rating and a price target of $370.00 for the company. An equity research analyst rated the stock with a hold rating and thirty gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $351.34.

Microsoft Profile (Get an assessment)

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.

Further reading

Want to see which other hedge funds hold MSFT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Microsoft Co. (NASDAQ:MSFT – Get Rating).

Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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