Pratt Collard Advisory Partners LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,537 shares of the software giant’s stock, valued at approximately $2,099,000. Microsoft comprises about 1.7% of Pratt Collard Advisory Partners LLC’s portfolio, making the stock its 11th biggest holding.
Other large investors have also recently made changes to their positions in the company. Capital Research Global Investors grew its stake in shares of Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC grew its stake in shares of Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares during the last quarter. Finally, Polen Capital Management LLC bought a new stake in shares of Microsoft during the third quarter worth $527,480,000. 73.84% of the stock is currently owned by institutional investors and hedge funds.
In related news, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at $16,633,337.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now owns 174,778 shares in the company, valued at approximately $16,254,354. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,000 shares of company stock worth $930,900. 1.49% of the stock is owned by company insiders.
A number of research firms have weighed in on MSFT. Zacks Investment Research cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $106.32 price target on the stock. in a report on Wednesday. UBS set a $110.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Deutsche Bank reiterated a “buy” rating and set a $115.00 price target on shares of Microsoft in a report on Thursday, February 1st. Finally, Atlantic Securities set a $97.00 price target on shares of Microsoft and gave the stock a “neutral” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $100.19.
MSFT stock opened at $96.07 on Wednesday. The firm has a market capitalization of $716,696.75, a P/E ratio of 29.02, a PEG ratio of 2.16 and a beta of 1.06. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. Microsoft Co. has a 12-month low of $64.89 and a 12-month high of $97.24.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. equities analysts anticipate that Microsoft Co. will post 3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.75%. Microsoft’s payout ratio is 50.76%.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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