Kohmann Bosshard Financial Services LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 72.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,112 shares of the software giant’s stock after acquiring an additional 1,312 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Microsoft were worth $491,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Magellan Asset Management Ltd raised its position in shares of Microsoft by 2.8% during the fourth quarter. Magellan Asset Management Ltd now owns 21,994,272 shares of the software giant’s stock valued at $3,468,497,000 after buying an additional 600,041 shares during the last quarter. Inscription Capital LLC raised its position in Microsoft by 14.2% in the fourth quarter. Inscription Capital LLC now owns 33,220 shares of the software giant’s stock worth $5,239,000 after purchasing an additional 4,129 shares in the last quarter. Carderock Capital Management Inc. raised its position in Microsoft by 0.4% in the fourth quarter. Carderock Capital Management Inc. now owns 47,323 shares of the software giant’s stock worth $7,463,000 after purchasing an additional 175 shares in the last quarter. Alesco Advisors LLC raised its position in Microsoft by 42.1% in the fourth quarter. Alesco Advisors LLC now owns 16,925 shares of the software giant’s stock worth $2,669,000 after purchasing an additional 5,018 shares in the last quarter. Finally, GQG Partners LLC raised its position in Microsoft by 21.3% in the fourth quarter. GQG Partners LLC now owns 5,012,814 shares of the software giant’s stock worth $790,859,000 after purchasing an additional 879,345 shares in the last quarter. 72.34% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on the stock. Deutsche Bank dropped their price target on shares of Microsoft from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Morgan Stanley reaffirmed a “buy” rating and set a $180.00 price objective on shares of Microsoft in a research note on Thursday, April 2nd. Evercore ISI reaffirmed a “buy” rating and set a $170.00 price objective on shares of Microsoft in a research note on Monday, December 16th. Cfra upped their price objective on shares of Microsoft from $186.00 to $197.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Piper Sandler decreased their price objective on shares of Microsoft from $199.00 to $192.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $184.42.
Microsoft stock traded down $1.78 during mid-day trading on Tuesday, reaching $163.49. The company’s stock had a trading volume of 62,693,769 shares, compared to its average volume of 72,431,392. The business’s 50 day simple moving average is $159.95 and its 200 day simple moving average is $154.74. Microsoft Co. has a 12 month low of $116.13 and a 12 month high of $190.70. The company has a market capitalization of $1,255.00 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 2.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.77 and a current ratio of 2.80.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.19. Microsoft had a net margin of 33.02% and a return on equity of 40.41%. The company had revenue of $36.91 billion during the quarter, compared to the consensus estimate of $35.68 billion. During the same quarter last year, the firm posted $1.10 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 5.59 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, May 20th. Microsoft’s payout ratio is 42.95%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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