Microsoft Co. (NASDAQ:MSFT) Holdings reduced by Davy Global Fund Management Ltd



Davy Global Fund Management Ltd reduced its stake in Microsoft Co. (NASDAQ: MSFTGet a rating) by 11.6% in the first quarter, according to its most recent 13F filing with the SEC. The company held 71,909 shares of the software giant after selling 9,414 shares during the period. Microsoft accounts for 3.6% of Davy Global Fund Management Ltd’s investment portfolio, making the stock its largest holding. Davy Global Fund Management Ltd’s holdings in Microsoft were worth $22,170,000 when it last filed with the SEC.

A number of other institutional investors and hedge funds also changed their positions in MSFT. Shore Point Advisors LLC acquired a new stake in Microsoft during the 4th quarter for a value of approximately $40,000. Tobam ​​increased its stake in Microsoft by 15,400.0% during the 1st quarter. Tobam ​​now owns 155 shares of the software giant worth $48,000 after buying an additional 154 shares during the period. Artemis Wealth Advisors LLC acquired a new stake in Microsoft during Q1 worth approximately $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new stake in Microsoft during Q4 valued at approximately $80,000. Finally, Evolution Advisers Inc. acquired a new stake in Microsoft during Q4 worth approximately $84,000. 69.99% of the shares are held by hedge funds and other institutional investors.

Microsoft shares down 0.3%

Shares of Microsoft stock opened at $282.91 on Friday. The company has a market capitalization of $2.11 trillion, a P/E ratio of 29.35, a PEG ratio of 2.38 and a beta of 0.93. The company has a debt ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. Microsoft Co. has a one-year low of $241.51 and a one-year high of $349.67. The company has a fifty-day moving average of $262.96 and a two-hundred-day moving average of $280.24.

Microsoft (NASDAQ: MSFTGet a rating) last reported quarterly earnings data on Tuesday, July 26. The software giant reported EPS of $2.23 for the quarter, missing analyst consensus estimates of $2.29 per ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. In the same quarter a year earlier, the company posted EPS of $2.17. On average, analysts expect Microsoft Co. to post earnings per share of 10.14 for the current year.

Microsoft dividend announcement

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-dividend date is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a yield of 0.88%. Microsoft’s payout ratio is currently 25.73%.

A Wall Street analyst gives his opinion

Several brokerages have recently weighed in on MSFT. Piper Sandler cut her price target on Microsoft shares from $352.00 to $312.00 and set an “overweight” rating on the stock in a Friday, July 8 research note. UBS Group set a price target of $330.00 on Microsoft shares in a Monday, June 20 report. Stifel Nicolaus lowered his price target on Microsoft shares from $320.00 to $300.00 and set a “buy” rating for the company in a Wednesday, July 27 report. William Blair reiterated an “outperforming” rating on Microsoft shares in a Wednesday, April 27 report. Finally, BMO Capital Markets raised its price target on Microsoft shares from $305.00 to $320.00 and gave the stock an “outperform” rating in a Wednesday, July 27 report. An equity research analyst has assigned the stock a hold rating and thirty-one has assigned the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.72.

Microsoft Profile

(Get a 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, 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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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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