Physicians Financial Services Inc. increased its holdings of Microsoft Co. (NASDAQ: MSFT – Get Rating) stock by 3.3% in Q1, Holdings Channel.com reports. The fund held 43,055 shares of the software giant after buying an additional 1,392 shares during the period. Microsoft accounts for approximately 5.1% of Physicians Financial Services Inc.’s investment portfolio, making the stock its 3rd largest position. Physicians Financial Services Inc.’s holdings in Microsoft were worth $13,274,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in MSFT. Wealth Enhancement Advisory Services LLC increased its position in Microsoft shares by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant valued at $42,237,000 after purchasing an additional 7,210 shares during the period. Arbor Investment Advisors LLC increased its position in Microsoft shares by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant valued at $3,743,000 after buying 1,357 additional shares during the period. Dfpg Investments LLC increased its position in Microsoft shares by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant valued at $7,585,000 after purchasing an additional 5,030 shares during the period. Elk River Wealth Management LLC increased its stake in Microsoft shares 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 acquiring 2,544 additional shares in the last quarter. Finally, Steward Financial Group LLC acquired a new stake in Microsoft stock in the fourth quarter worth $330,000. Institutional investors hold 69.99% of the company’s shares.
Changes to analyst ratings
MSFT has been the subject of several research analyst reports. Deutsche Bank Rese… set a price target of $350.00 on Microsoft shares in a research note on Monday. Royal Bank of Canada set a price target of $380.00 on Microsoft shares in a Thursday, May 19 research note. Fundamental Research lowered its price target on Microsoft stock from $299.93 to $298.00 and set a “hold” rating on the stock in a Tuesday, May 3 research note. Mizuho lowered his price target on Microsoft stock from $350.00 to $340.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus lowered his price target on Microsoft shares from $350.00 to $320.00 in a Thursday, June 2 research note. A research analyst has rated the stock with a hold rating and thirty have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $348.07.
Microsoft stock performance
NASDAQ:MSFT shares opened at $264.84 on Friday. The stock has a market capitalization of $1.98 trillion, a P/E ratio of 27.65, a P/E/G ratio of 2.01 and a beta of 0.93. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt ratio of 0.30. The company has a 50-day moving average price of $260.41 and a two-hundred-day moving average price of $283.35.
Microsoft (NASDAQ:MSFT – Get Rating) last reported 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. The company posted revenue of $49.36 billion in the quarter, compared to $49.05 billion expected by analysts. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company’s quarterly revenue increased by 18.4% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $1.95. Stock analysts predict that Microsoft Co. will post earnings per share 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 per share. The ex-date of this dividend is Wednesday, August 17. This represents an annualized dividend of $2.48 and a yield of 0.94%. Microsoft’s dividend payout ratio is currently 25.89%.
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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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