First Republic Investment Management Inc. increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,524,235 shares of the software giant’s stock after buying an additional 189,242 shares during the quarter. Microsoft comprises approximately 2.5% of First Republic Investment Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. First Republic Investment Management Inc.’s holdings in Microsoft were worth $555,772,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its holdings in Microsoft by 77.3% in the fourth quarter. Benjamin Edwards Inc. now owns 195 shares of the software giant’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $37,000. Firestone Capital Management acquired a new position in shares of Microsoft during the 4th quarter worth about $1,103,000. Vaughan AND Company Securities Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $67,000. Finally, John W. Brooker & Co. CPAs acquired a new position in shares of Microsoft during the 4th quarter worth about $74,000. 72.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft stock opened at $146.92 on Thursday. Microsoft Co. has a one year low of $115.52 and a one year high of $190.70. The stock’s fifty day moving average is $166.62 and its 200 day moving average is $153.86. The stock has a market cap of $1,117.48 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.03 and a beta of 1.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.77 and a current ratio of 2.80.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.19. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The company had revenue of $36.91 billion for the quarter, compared to analysts’ expectations of $35.68 billion. During the same period last year, the firm earned $1.10 EPS. Microsoft’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 5.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.04 dividend on an annualized basis and a yield of 1.39%. Microsoft’s dividend payout ratio is presently 42.95%.
Several research firms recently weighed in on MSFT. Barclays restated a “buy” rating and set a $190.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Citigroup reaffirmed a “hold” rating and set a $174.00 price objective on shares of Microsoft in a research note on Thursday, February 27th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Monday, December 23rd. Oppenheimer raised shares of Microsoft to a “buy” rating in a research note on Monday, March 2nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of Microsoft in a research note on Monday, March 16th. Two analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $185.13.
In other Microsoft news, EVP Jean Philippe Courtois sold 18,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the sale, the executive vice president now directly owns 582,510 shares of the company’s stock, valued at $104,589,670.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.39% of the stock is owned by company insiders.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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