Carl P. Sherr & Co. LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,288 shares of the software giant’s stock after selling 265 shares during the quarter. Microsoft makes up about 3.4% of Carl P. Sherr & Co. LLC’s holdings, making the stock its 7th biggest position. Carl P. Sherr & Co. LLC’s holdings in Microsoft were worth $5,022,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of MSFT. Occidental Asset Management LLC lifted its position in Microsoft by 1.7% during the 4th quarter. Occidental Asset Management LLC now owns 26,608 shares of the software giant’s stock worth $8,949,000 after acquiring an additional 439 shares during the period. Nikulski Financial Inc. grew its position in Microsoft by 6.0% in the 4th quarter. Nikulski Financial Inc. now owns 13,151 shares of the software giant’s stock valued at $4,423,000 after buying an additional 739 shares during the last quarter. TAGStone Capital Inc. acquired a new position in Microsoft in the 4th quarter valued at $283,000. Assenagon Asset Management S.A. raised its position in Microsoft by 56.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,285,638 shares of the software giant’s stock worth $2,113,986,000 after buying an additional 2,277,803 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Microsoft by 5.0% in the 4th quarter. Quadrant Capital Group LLC now owns 59,277 shares of the software giant’s stock worth $19,936,000 after acquiring an additional 2,828 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Price Performance
MSFT stock opened at $291.91 on Monday. The company has a market cap of $2.18 trillion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.46 and a beta of 0.93. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $264.33 and a two-hundred day moving average price of $279.55. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter last year, the company posted $2.17 EPS. As a group, research analysts predict that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.
Analyst Ratings Changes
A number of equities research analysts recently commented on MSFT shares. Fundamental Research restated a “hold” rating and issued a $280.50 price objective on shares of Microsoft in a research report on Wednesday, August 3rd. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. KeyCorp reduced 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. Redburn Partners assumed coverage on shares of Microsoft in a research note on Wednesday, June 29th. They set a “buy” rating and a $370.00 price target on the stock. Finally, Itaú Unibanco initiated coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.31.
Microsoft Company Profile
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.
Read More
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.
