Microsoft Co. (NASDAQ:MSFT) Stake Decreased by Financial Insights Inc.
Financial Insights Inc. trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 1st quarter, Holdings Channel reports. The firm owned 50,182 shares of the software giant’s stock after selling 987 shares during the period. Microsoft accounts for approximately 6.8% of Financial Insights Inc.’s holdings, making the stock its 5th biggest position. Financial Insights Inc.’s holdings in Microsoft were worth $6,554,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its position in shares of Microsoft by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock valued at $2,861,479,000 after acquiring an additional 201,876 shares during the last quarter. Hall Kathryn A. acquired a new position in shares of Microsoft during the 1st quarter valued at about $691,000. Full Sail Capital LLC boosted its position in shares of Microsoft by 4.1% during the 1st quarter. Full Sail Capital LLC now owns 19,348 shares of the software giant’s stock valued at $2,282,000 after acquiring an additional 767 shares during the last quarter. Meridian Wealth Management LLC boosted its position in shares of Microsoft by 0.4% during the 1st quarter. Meridian Wealth Management LLC now owns 40,625 shares of the software giant’s stock valued at $4,791,000 after acquiring an additional 154 shares during the last quarter. Finally, Saban Capital Group LLC acquired a new position in shares of Microsoft during the 1st quarter valued at about $601,000. 72.04% of the stock is owned by hedge funds and other institutional investors.
MSFT has been the topic of a number of recent analyst reports. Goldman Sachs Group set a $131.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, April 24th. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. upped their target price on shares of Microsoft from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Oppenheimer upped their target price on shares of Microsoft from $127.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Mizuho initiated coverage on shares of Microsoft in a research report on Wednesday, March 13th. They issued a “buy” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $135.75.
Shares of MSFT opened at $132.45 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93. The company has a market capitalization of $1,014.94 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $134.24.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.14. The firm had revenue of $30.57 billion during the quarter, compared to the consensus estimate of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 4.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s payout ratio is currently 47.42%.
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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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