Texas Capital Bancshares Inc. TX reduced its stake in Microsoft Co. (NASDAQ: MSFT – Get Rating) by 2.5% during the 1st quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 6,370 shares of the software giant after selling 163 shares during the period. Microsoft accounts for about 1.2% of Texas Capital Bancshares Inc. TX’s investment portfolio, making the stock its 18th-highest position. Texas Capital Bancshares Inc. TX’s holdings in Microsoft were worth $1,963,000 at the end of the last quarter.
A number of other major investors have also recently changed their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Microsoft shares by 5.7% during 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 stake in Microsoft shares by 12.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant worth $3,743,000 after acquiring 1,357 additional shares during the period. KRS Capital Management LLC increased its position in Microsoft shares by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant valued at $1,474,000 after acquiring 218 additional shares last quarter. Dfpg Investments LLC increased its stake in Microsoft 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 acquiring an additional 5,030 shares during the period. Finally, Allworth Financial LP increased its position in Microsoft by 41.4% in the first quarter. Allworth Financial LP now owns 147,385 shares of the software giant worth $45,441,000 after buying an additional 43,189 shares last quarter. 69.99% of the shares are currently held by institutional investors and hedge funds.
Analysts set new price targets
Several research companies have recently weighed in on MSFT. Goldman Sachs Group set Microsoft a price target of $365.00 in a research note on Wednesday, April 27. Credit Suisse Group set a price target of $400.00 on Microsoft in a research note on Tuesday, July 26. JPMorgan Chase & Co. set a target price of $320.00 on Microsoft stock in a Thursday, June 9 research note. Piper Sandler lowered her price target on Microsoft shares from $352.00 to $312.00 and set an “overweight” rating for the company in a Friday, July 8 research report. Finally, Wolfe Research cut its price target on Microsoft stock from $320.00 to $275.00 and set an “outperform” rating on the stock in a Friday, July 29 research note. Two research analysts gave the stock a hold rating and thirty-one gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $334.31.
Microsoft stock up 1.7%
Microsoft shares opened at $291.91 on Friday. The company has a market capitalization of $2.18 trillion, a P/E ratio of 30.28, a price-to-earnings growth ratio of 2.44 and a beta of 0.93. The company has a debt ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The company has a 50-day moving average of $263.89 and a two-hundred-day moving average of $279.58. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last released its results on Tuesday, July 26. The software giant reported earnings per share (EPS) of $2.23 for the quarter, missing consensus analyst estimates of $2.29 per ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period of the previous year, the company achieved EPS of $2.17. As a group, stock analysts predict that Microsoft Co. will post EPS 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. 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 yield of 0.85%. The ex-dividend date is Wednesday, August 17. Microsoft’s payout ratio is currently 25.73%.
Microsoft Company Profile
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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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