Spotlight Asset Group Inc. boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,297 shares of the software giant’s stock after acquiring an additional 251 shares during the period. Microsoft accounts for 1.6% of Spotlight Asset Group Inc.’s investment portfolio, making the stock its 15th largest holding. Spotlight Asset Group Inc.’s holdings in Microsoft were worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. IFG Advisors LLC boosted its holdings in Microsoft by 5.5% in the second quarter. IFG Advisors LLC now owns 3,308 shares of the software giant’s stock valued at $673,000 after acquiring an additional 173 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Microsoft by 3.4% in the second quarter. Janney Montgomery Scott LLC now owns 1,683,099 shares of the software giant’s stock valued at $342,528,000 after acquiring an additional 55,699 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Microsoft by 314.4% in the second quarter. Creative Financial Designs Inc. ADV now owns 7,377 shares of the software giant’s stock valued at $1,501,000 after acquiring an additional 5,597 shares during the last quarter. Praetorian Wealth Management Inc. bought a new stake in Microsoft in the second quarter valued at approximately $483,000. Finally, Pioneer Trust Bank N A OR boosted its holdings in Microsoft by 3.5% in the second quarter. Pioneer Trust Bank N A OR now owns 99,483 shares of the software giant’s stock valued at $20,246,000 after acquiring an additional 3,319 shares during the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.
Several equities analysts have issued reports on the company. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research note on Friday. Bank of America reissued a “buy” rating and issued a $230.00 price target on shares of Microsoft in a research note on Monday, July 20th. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research note on Wednesday, May 20th. Argus boosted their price target on Microsoft from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $225.00 price target on shares of Microsoft in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $213.23.
Shares of NASDAQ MSFT opened at $205.01 on Friday. The business has a 50-day simple moving average of $202.18 and a two-hundred day simple moving average of $178.77. Microsoft Co. has a 52 week low of $130.78 and a 52 week high of $216.38. 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. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.57.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The firm had revenue of $38.03 billion for the quarter, compared to analysts’ expectations of $36.59 billion. Equities research analysts anticipate that Microsoft Co. will post 6.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.51 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.00%. Microsoft’s payout ratio is currently 35.42%.
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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