Alps Advisors Inc. increased its stake in Microsoft Co. (NASDAQ:MSFT) by 60.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,334 shares of the software giant’s stock after acquiring an additional 9,558 shares during the quarter. Alps Advisors Inc.’s holdings in Microsoft were worth $2,167,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Wealth Partners LLC grew its holdings 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 in the last quarter. RNC Capital Management LLC grew its holdings in shares of Microsoft by 0.6% during the fourth quarter. RNC Capital Management LLC now owns 535,705 shares of the software giant’s stock valued at $45,824,000 after buying an additional 2,977 shares in the last quarter. AXA grew its holdings in shares of Microsoft by 11.2% during the third quarter. AXA now owns 3,830,658 shares of the software giant’s stock valued at $285,346,000 after buying an additional 384,951 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Microsoft by 6.0% during the third quarter. Stephens Inc. AR now owns 387,892 shares of the software giant’s stock valued at $28,894,000 after buying an additional 22,102 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Microsoft by 22.8% during the fourth quarter. Diversified Trust Co now owns 15,920 shares of the software giant’s stock valued at $1,362,000 after buying an additional 2,955 shares in the last quarter. Institutional investors and hedge funds own 72.44% of the company’s stock.
NASDAQ MSFT opened at $98.31 on Friday. Microsoft Co. has a twelve month low of $68.02 and a twelve month high of $98.94. 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 stock has a market cap of $750.73 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 2.15 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 earnings per share for the quarter, topping the 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 business had revenue of $26.82 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year. analysts expect that Microsoft Co. will post 3.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.71%. Microsoft’s dividend payout ratio is presently 50.76%.
MSFT has been the topic of a number of research analyst reports. Goldman Sachs Group set a $103.00 price target on Microsoft and gave the company a “buy” rating in a report on Friday, April 20th. BMO Capital Markets lifted their price target on Microsoft to $100.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Vetr upgraded Microsoft from a “buy” rating to a “strong-buy” rating and set a $101.39 price target on the stock in a report on Friday, March 23rd. Deutsche Bank set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Monday, March 12th. Finally, KeyCorp reissued a “buy” rating and set a $110.00 price objective on shares of Microsoft in a research report on Friday, April 27th. One research 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 company’s stock. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $103.13.
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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