Pinnacle Financial Partners Inc. increased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,440 shares of the software giant’s stock after buying an additional 9,059 shares during the quarter. Microsoft accounts for 3.8% of Pinnacle Financial Partners Inc.’s portfolio, making the stock its 3rd largest position. Pinnacle Financial Partners Inc.’s holdings in Microsoft were worth $118,835,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of MSFT. Wealth Enhancement & Preservation of GA LLC lifted its holdings 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 valued at $1,680,000 after purchasing an additional 34 shares in the last quarter. KB Financial Partners LLC lifted its holdings 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 valued at $2,404,000 after purchasing an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC lifted its holdings 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 valued at $1,186,000 after purchasing an additional 37 shares in the last quarter. Strategic Asset Management LLC lifted its holdings 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 valued at $203,000 after purchasing an additional 37 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. lifted its holdings in shares of Microsoft by 0.3% during the first quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. UBS Group set a $330.00 price target on Microsoft in a report on Monday, June 20th. Itau BBA Securities started coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Credit Suisse Group set a $400.00 target price on Microsoft in a report on Tuesday, July 26th. Morgan Stanley lowered their target price on Microsoft from $372.00 to $354.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Finally, Redburn Partners started coverage on Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $335.72.
Microsoft Stock Performance
NASDAQ MSFT opened at $287.02 on Friday. The stock has a market capitalization of $2.14 trillion, a PE ratio of 29.77, a P/E/G ratio of 2.38 and a beta of 0.93. The business has a 50 day simple moving average of $263.64 and a two-hundred day simple moving average of $279.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. Microsoft Co. has a 1-year low of $241.51 and a 1-year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period in the previous year, the firm posted $2.17 EPS. On average, research analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.86%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.
About Microsoft
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.
Featured Articles
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Get Rating).
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.
