Perennial Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,852 shares of the software giant’s stock after buying an additional 1,758 shares during the quarter. Microsoft makes up approximately 2.8% of Perennial Advisors LLC’s investment portfolio, making the stock its 5th largest position. Perennial Advisors LLC’s holdings in Microsoft were worth $3,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carolina Wealth Advisors LLC bought a new position in Microsoft in the 4th quarter valued at approximately $37,000. Firestone Capital Management bought a new position in Microsoft in the 4th quarter valued at approximately $1,103,000. Sailer Financial LLC acquired a new stake in Microsoft during the 4th quarter valued at approximately $65,000. Avondale Wealth Management increased its position in Microsoft by 25.4% during the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock valued at $73,000 after purchasing an additional 94 shares during the period. Finally, John W. Brooker & Co. CPAs increased its position in Microsoft by 21.4% during the 1st quarter. John W. Brooker & Co. CPAs now owns 568 shares of the software giant’s stock valued at $90,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

MSFT has been the subject of a number of recent analyst reports. Mizuho reissued a “buy” rating and set a $205.00 target price on shares of Microsoft in a research report on Wednesday, May 20th. Oppenheimer raised shares of Microsoft to a “buy” rating in a research report on Monday, March 2nd. Wells Fargo & Co increased their target price on shares of Microsoft from $205.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. They noted that the move was a valuation call. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research report on Friday, April 3rd. Finally, UBS Group increased their target price on shares of Microsoft from $200.00 to $207.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $196.63.

In other news, EVP Margaret L. Johnson sold 35,000 shares of Microsoft stock in a transaction on Friday, May 1st. The stock was sold at an average price of $176.08, for a total transaction of $6,162,800.00. Following the sale, the executive vice president now directly owns 50,023 shares in the company, valued at approximately $8,808,049.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Frank H. Brod sold 3,000 shares of Microsoft stock in a transaction on Friday, May 1st. The stock was sold at an average price of $176.94, for a total value of $530,820.00. Following the sale, the chief accounting officer now owns 57,136 shares in the company, valued at $10,109,643.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,049 shares of company stock worth $6,702,736. Company insiders own 1.39% of the company’s stock.

Shares of NASDAQ:MSFT opened at $198.44 on Tuesday. The company has a current ratio of 2.90, a quick ratio of 2.88 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $188.00 and its two-hundred day simple moving average is $170.85. Microsoft Co. has a 1-year low of $130.78 and a 1-year high of $203.95. The stock has a market cap of $1,504.86 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.47 and a beta of 0.94.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 29th. The software giant reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.13. Microsoft had a return on equity of 40.37% and a net margin of 33.36%. The business had revenue of $35.02 billion for the quarter, compared to analysts’ expectations of $33.70 billion. During the same period last year, the business earned $1.14 EPS. The business’s revenue was up 14.6% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 5.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 19th. Microsoft’s dividend payout ratio (DPR) is presently 42.95%.

Microsoft Profile

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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