Congress Park Capital LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,879 shares of the software giant’s stock after buying an additional 2,405 shares during the quarter. Microsoft accounts for approximately 4.2% of Congress Park Capital LLC’s portfolio, making the stock its 4th largest holding. Congress Park Capital LLC’s holdings in Microsoft were worth $8,287,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in MSFT. Shore Point Advisors LLC purchased a new stake in Microsoft in the 4th quarter valued at approximately $40,000. Tobam lifted its position in shares of Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of Microsoft during the first quarter valued at $68,000. Castle Financial & Retirement Planning Associates Inc. purchased a new position in Microsoft in the 4th quarter valued at about $80,000. Finally, Evolution Advisers Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth about $84,000. 69.99% of the stock is owned by hedge funds and other institutional investors.
Microsoft Price Performance
MSFT stock opened at $291.91 on Monday. The company has a market capitalization of $2.18 trillion, a PE ratio of 30.28, a P/E/G ratio of 2.46 and a beta of 0.93. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average is $264.33 and its two-hundred day moving average is $279.55. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly 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 in the prior year, the business posted $2.17 earnings per share. Analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is currently 25.73%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on MSFT shares. Rosenblatt Securities reduced their price objective on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, July 26th. Fundamental Research reiterated a “hold” rating and set a $280.50 target price on shares of Microsoft in a research report on Wednesday, August 3rd. Credit Suisse Group set a $400.00 price target on Microsoft in a report on Tuesday, July 26th. The Goldman Sachs Group set a $365.00 target price on shares of Microsoft in a research report on Wednesday, April 27th. Finally, Evercore ISI dropped their price target on shares of Microsoft from $370.00 to $330.00 and set an “inline” rating for the company in a research report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.
Further Reading
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