Microsoft Co. (MSFT) Position Trimmed by Tower Bridge Advisors
Tower Bridge Advisors cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 326,831 shares of the software giant’s stock after selling 6,795 shares during the quarter. Microsoft comprises approximately 2.8% of Tower Bridge Advisors’ portfolio, making the stock its 2nd biggest holding. Tower Bridge Advisors’ holdings in Microsoft were worth $24,346,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Acrospire Investment Management LLC increased its stake in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC increased its stake in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the last quarter. Pacific Center for Financial Services increased its stake in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares during the last quarter. AlphaMark Advisors LLC increased its stake in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares during the last quarter. Finally, Mitchell Capital Management Co. acquired a new stake in Microsoft during the third quarter worth about $201,000. Hedge funds and other institutional investors own 73.22% of the company’s stock.
Several equities research analysts have commented on MSFT shares. Oppenheimer upped their price target on Microsoft to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Morningstar restated a “neutral” rating on shares of Microsoft in a research note on Monday, October 16th. Evercore ISI upped their price target on Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. UBS Group set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $99.14.
Microsoft Co. (NASDAQ:MSFT) opened at $88.18 on Friday. The company has a market capitalization of $705,640.00, a PE ratio of 59.99, a P/E/G ratio of 2.08 and a beta of 1.06. Microsoft Co. has a 1-year low of $63.32 and a 1-year high of $96.07. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The firm had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share. equities analysts forecast that Microsoft Co. will post 3.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 114.29%.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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