Cliftonlarsonallen Wealth Advisors LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

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Cliftonlarsonallen Wealth Advisors LLC lifted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.9% during the first quarter, Holdings Channel reports. The institutional investor owned 38,302 shares of the software giant’s stock after acquiring an additional 1,442 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Microsoft were worth $11,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. ACT Wealth Management LLC boosted its position in shares of Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after buying an additional 34 shares during the period. Wealth Enhancement & Preservation of GA LLC boosted its position in shares of Microsoft by 0.7% during the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after buying an additional 34 shares during the period. KB Financial Partners LLC boosted its position in shares of Microsoft by 0.5% during the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after buying an additional 35 shares during the period. Valtinson Bruner Financial Planning LLC boosted its position in shares of Microsoft by 0.9% during the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after buying an additional 37 shares during the period. Finally, Strategic Asset Management LLC boosted its position in shares of Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSFT shares. Cowen reiterated a “maintains” rating on shares of Microsoft in a report on Wednesday, July 27th. KeyCorp decreased their target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Citigroup decreased their target price on Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. BMO Capital Markets lifted their target price on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Stifel Nicolaus decreased their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $334.80.

Microsoft Stock Performance

NASDAQ MSFT opened at $280.74 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $261.36 and its two-hundred day moving average is $281.11. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The stock has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.01 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same period in the previous year, the business posted $2.17 EPS. Research analysts expect that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is 25.89%.

About Microsoft

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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, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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