Klingman & Associates LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 84.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,628 shares of the software giant’s stock after acquiring an additional 7,176 shares during the quarter. Klingman & Associates LLC’s holdings in Microsoft were worth $1,337,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Palisade Capital Management LLC NJ lifted its position in Microsoft by 15.2% during the 3rd quarter. Palisade Capital Management LLC NJ now owns 9,331 shares of the software giant’s stock worth $695,000 after acquiring an additional 1,230 shares during the period. Dumont & Blake Investment Advisors LLC lifted its position in Microsoft by 1.4% during the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 46,422 shares of the software giant’s stock worth $3,458,000 after acquiring an additional 652 shares during the period. Syntal Capital Partners LLC raised its stake in shares of Microsoft by 12.8% during the 3rd quarter. Syntal Capital Partners LLC now owns 9,028 shares of the software giant’s stock valued at $672,000 after buying an additional 1,024 shares during the last quarter. Csenge Advisory Group purchased a new position in shares of Microsoft during the 3rd quarter valued at about $2,010,000. Finally, Decatur Capital Management Inc. raised its stake in shares of Microsoft by 6.1% during the 3rd quarter. Decatur Capital Management Inc. now owns 334,345 shares of the software giant’s stock valued at $24,905,000 after buying an additional 19,100 shares during the last quarter. 73.64% of the stock is owned by institutional investors.
MSFT has been the subject of a number of recent research reports. Royal Bank of Canada set a $100.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus lifted their price objective on Microsoft from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Goldman Sachs set a $100.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Nomura initiated coverage on Microsoft in a research note on Tuesday, January 23rd. They set a “buy” rating and a $102.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.13.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 171,278 shares in the company, valued at approximately $15,928,854. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.49% of the stock is currently owned by insiders.
NASDAQ:MSFT opened at $96.36 on Monday. Microsoft Co. has a 12 month low of $67.43 and a 12 month high of $98.69. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00. The company has a market cap of $741.95 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.12 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The company had revenue of $26.82 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same period in the previous year, the business earned $0.73 EPS. Microsoft’s quarterly revenue was up 15.5% on a year-over-year basis. equities research analysts forecast that Microsoft Co. will post 3.8 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders 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 annualized dividend and a yield of 1.74%. Microsoft’s dividend payout ratio (DPR) is currently 50.76%.
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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