Arvest Bank Trust Division increased its stake in Microsoft Co. (NASDAQ:MSFT) by 16.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,909 shares of the software giant’s stock after acquiring an additional 1,379 shares during the period. Arvest Bank Trust Division’s holdings in Microsoft were worth $2,204,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resolute Partners Group acquired a new stake in Microsoft in the fourth quarter valued at $26,000. Goodwin Investment Advisory acquired a new stake in Microsoft in the fourth quarter valued at $28,000. NuWave Investment Management LLC raised its stake in Microsoft by 3,250.0% in the fourth quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Kinloch Capital LLC purchased a new position in shares of Microsoft during the fourth quarter worth about $37,000. Finally, Safir Wealth Advisors LLC purchased a new position in shares of Microsoft during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 69.01% of the company’s stock.
Several equities analysts have issued reports on MSFT shares. Piper Sandler reaffirmed an “overweight” rating and set a $300.00 price objective on shares of Microsoft in a report on Tuesday, February 2nd. Mizuho raised their price objective on Microsoft from $255.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, January 27th. Fundamental Research raised their price objective on Microsoft from $223.67 to $236.60 and gave the stock a “hold” rating in a report on Wednesday, February 3rd. JPMorgan Chase & Co. raised their price objective on Microsoft from $220.00 to $245.00 and gave the stock an “overweight” rating in a report on Wednesday, January 27th. Finally, Jefferies Financial Group set a $300.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Monday, March 15th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $268.28.
MSFT stock opened at $249.90 on Thursday. The firm has a 50 day moving average of $235.85 and a 200-day moving average of $222.92. Microsoft Co. has a 12-month low of $162.30 and a 12-month high of $250.93. The company has a current ratio of 2.53, a quick ratio of 2.49 and a debt-to-equity ratio of 0.46. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.44 and a beta of 0.83.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Monday, January 25th. The software giant reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.39. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The company had revenue of $43.08 billion during the quarter, compared to the consensus estimate of $40.23 billion. During the same period last year, the firm earned $1.51 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 20th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $2.24 annualized dividend and a dividend yield of 0.90%. Microsoft’s dividend payout ratio is currently 38.89%.
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 small and medium businesses, large organizations, and divisions of enterprises.
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