Beck Capital Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,131 shares of the software giant’s stock after selling 1,518 shares during the period. Microsoft comprises approximately 2.2% of Beck Capital Management LLC’s holdings, making the stock its 10th biggest position. Beck Capital Management LLC’s holdings in Microsoft were worth $4,628,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. One Capital Management LLC raised its position in shares of Microsoft by 5.0% during the second quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after buying an additional 2,675 shares during the last quarter. Tompkins Financial Corp raised its position in shares of Microsoft by 17.9% during the third quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock valued at $7,469,000 after buying an additional 15,202 shares during the last quarter. Private Wealth Partners LLC raised its position in shares of Microsoft by 0.6% during the third quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock valued at $20,151,000 after buying an additional 1,511 shares during the last quarter. Zacks Investment Management raised its position in shares of Microsoft by 1.5% during the second quarter. Zacks Investment Management now owns 1,257,001 shares of the software giant’s stock valued at $86,645,000 after buying an additional 18,438 shares during the last quarter. Finally, Crescent Grove Advisors LLC bought a new stake in shares of Microsoft during the second quarter valued at approximately $561,000. Hedge funds and other institutional investors own 73.88% of the company’s stock.
MSFT has been the topic of several recent analyst reports. UBS Group set a $105.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, December 8th. Sanford C. Bernstein set a $100.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, December 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $100.00 price objective on shares of Microsoft in a research report on Monday, November 27th. Goldman Sachs Group set a $92.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Vetr upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $90.36 price objective on the stock in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.28.
Shares of Microsoft Co. (NASDAQ MSFT) opened at $96.77 on Tuesday. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $745,110.00, a PE ratio of 29.68, a P/E/G ratio of 2.23 and a beta of 1.04. Microsoft Co. has a fifty-two week low of $64.12 and a fifty-two week high of $97.21.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. research analysts anticipate that Microsoft Co. will post 3.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. Microsoft’s payout ratio is 51.53%.
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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