Corbett Road Capital Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 20.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,855 shares of the software giant’s stock after purchasing an additional 485 shares during the quarter. Corbett Road Capital Management LLC’s holdings in Microsoft were worth $580,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Selective Wealth Management Inc. raised its stake in Microsoft by 26.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after acquiring an additional 50 shares in the last quarter. Avondale Wealth Management raised its stake in Microsoft by 25.4% during the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock worth $73,000 after acquiring an additional 94 shares in the last quarter. Sofos Investments Inc. raised its stake in Microsoft by 15.5% during the 1st quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock worth $81,000 after acquiring an additional 343 shares in the last quarter. Cypress Capital Management LLC WY raised its stake in Microsoft by 14.3% during the 1st quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after acquiring an additional 95 shares in the last quarter. Finally, Lake Point Wealth Management raised its stake in Microsoft by 32.8% during the 1st quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock worth $123,000 after acquiring an additional 192 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.
MSFT stock opened at $205.01 on Friday. The company has a market cap of $1,546.26 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.33 and a beta of 0.93. Microsoft Co. has a 52 week low of $130.78 and a 52 week high of $216.38. The company’s 50-day moving average price is $202.18 and its 200 day moving average price is $178.77. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.57.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.12. The firm had revenue of $38.03 billion for the quarter, compared to the consensus estimate of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. On average, equities research analysts expect that Microsoft Co. will post 6.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, August 19th. Microsoft’s payout ratio is currently 35.42%.
Several equities research analysts recently commented on MSFT shares. BMO Capital Markets lifted their price target on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Raymond James lifted their price target on shares of Microsoft from $208.00 to $225.00 and gave the stock a “strong-buy” rating in a research note on Monday, July 20th. Macquarie reissued a “buy” rating and set a $200.00 price objective on shares of Microsoft in a research report on Thursday, April 30th. Finally, DZ Bank reissued a “buy” rating on shares of Microsoft in a research report on Thursday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $213.23.
Microsoft Company Profile
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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