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Shares of Microsoft Co. (NASDAQ:MSFT) have been sold by Inverness Counsel LLC NY

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Inverness Counsel LLC NY cut its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.7% in the first quarter, according to its latest disclosure to the SEC. The institutional investor owned his 383,296 shares in the software giant’s stock after selling 6,587 of his shares during the quarter. Microsoft accounts for about 5.3% of Inverness Counsel LLC NY’s portfolio, making the company’s stock his fourth largest. Inverness Counsel LLC NY’s stake in Microsoft was valued at $118,174,000 at the end of the most recent reporting period.

Many other institutional investors and hedge funds have also changed their positions at MSFT. Wealth Enhancement Advisory Services LLC increased his stake in Microsoft by 5.7% in the first quarter. Wealth Enhancement Advisory Services LLC owns 134,115 shares of the software giant worth $42,237,000 after he purchased an additional 7,210 shares last quarter. Arbor Investment Advisors LLC increased its stake in Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of software giant valued at $3,743,000 after purchasing an additional 1,357 shares last quarter. KRS Capital Management LLC increased its stake in Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of software giant valued at $1,474,000 after purchasing an additional 218 shares last quarter. Dfpg Investments LLC increased its stake in Microsoft stock by 22.9% in the first quarter. Dfpg Investments LLC now owns 27,038 shares of software giant valued at $7,585,000 after acquiring an additional 5,030 shares during this period. Finally, Allworth Financial LP increased its stake in Microsoft stock by 41.4% in the first quarter. Allworth Financial LP owns 147,385 shares in the software giant valued at $45,441,000 after acquiring an additional 43,189 shares during this period. 69.99% of the shares are owned by institutional investors and hedge funds.

Microsoft stock rises 1.1%

Microsoft shares Friday opened at $278.85. The company has an equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company has a market capitalization of $2.08 trillion, a price/earnings ratio of 28.93, a price/earnings ratio of 2.33 and a beta of 0.93. On Microsoft Co., his 52-week low is $241.51 and his 52-week high is $349.67. The stock has a 50-day moving average of $269.33 and a 200-day moving average of $278.37.

Microsoft (NASDAQ:MSFT – Get Rating) announced its final financial results on Tuesday, July 26th. The software giant reported that his earnings per share for the quarter were $2.23, well below consensus expectations of $2.29 ($0.06). Microsoft had a net profit margin of 36.69% and a return on equity of 43.31%. During the same period last year, the business posted earnings of $2.17 per share for him. Analysts expect Microsoft Co. to hit 10.14 in EPS this year.

Microsoft announces dividend

The company recently announced a quarterly dividend payable on Thursday, September 8th. Investors of record on Thursday, August 18 will be paid a dividend of $0.62 per share. This represents his $2.48 dividend and his 0.89% dividend yield on an annual basis. The ex-dividend date for this dividend is Wednesday, August 17. Microsoft’s payout percentage is currently 25.73%.

Wall Street analyst opinion

MSFT has been the subject of several research analyst reports. Credit Suisse Group set Microsoft’s price target at $400.00 in a report on Tuesday, July 26th. BMO Capital Markets has raised Microsoft’s price target from $305.00 to $320.00, giving the company an “excellent” rating in its Wednesday, July 27 report. Deutsche Bank Aktiengesellschaft lowered Microsoft’s price target from $350.00 to $330.00 and set the company’s rating to ‘Buy’ in a report on Wednesday, July 27th. Royal Bank of Canada set a price target of $380.00 for Microsoft in a report on Thursday, May 19th. Finally, Guggenheim kicked off his coverage of Microsoft in his Friday, August 12 research notes. They set a “neutral” rating and a price target of $292.00 for the company, with two analysts giving the stock a hold rating and 31 assigning the company a buy rating. According to MarketBeat data, Microsoft’s current consensus rating is “moderate buy” with an average price target of $334.31.

Microsoft Profile

(get rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in his three segments: Productivity and Business Processes, Intelligent Cloud, and Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business. Skype, Outlook.com, OneDrive, LinkedIn; Dynamics 365 is a set of cloud-based and on-premises business solutions for organizations and corporate sectors.

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