Monterey Private Wealth Inc. increased its position in shares of Microsoft Co. (NASDAQ: MSFT – Get Rating) by 17.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,215 shares of the software giant’s stock after buying an additional 2,008 shares during the quarter. Microsoft makes up 2.0% of Monterey Private Wealth Inc.’s portfolio, making the stock its 11th largest holding. Monterey Private Wealth Inc.’s holdings in Microsoft were worth $ 4,148,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Shore Point Advisors LLC purchased a new position in Microsoft during the fourth quarter valued at $ 40,000. Macroview Investment Management LLC purchased a new position in Microsoft during the fourth quarter valued at $ 62,000. TFO TDC LLC lifted its holdings in Microsoft by 6,566.7% during the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock valued at $ 68,000 after purchasing an additional 197 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Microsoft during the third quarter valued at $ 71,000. Finally, Castle Financial & Retirement Planning Associates Inc. purchased a new position in Microsoft during the fourth quarter valued at $ 80,000. 69.99% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ MSFT opened at $ 258.86 on Friday. The firm has a 50 day simple moving average of $ 267.07 and a 200-day simple moving average of $ 293.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. Microsoft Co. has a one year low of $ 241.51 and a one year high of $ 349.67. The firm has a market cap of $ 1.94 trillion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.29 and a beta of 0.94.
Microsoft (NASDAQ: MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The software giant reported $ 2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 2.18 by $ 0.04. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company had revenue of $ 49.36 billion during the quarter, compared to the consensus estimate of $ 49.05 billion. During the same quarter in the previous year, the firm earned $ 1.95 earnings per share. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 9.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be paid a $ 0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $ 2.48 dividend on an annualized basis and a yield of 0.96%. Microsoft’s dividend payout ratio is currently 25.89%.
MSFT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Microsoft from $ 390.00 to $ 350.00 and set a “buy” rating for the company in a research report on Wednesday, April 27th. Evercore ISI reduced their target price on shares of Microsoft from $ 370.00 to $ 330.00 and set an “inline” rating for the company in a research report on Wednesday, April 27th. Royal Bank of Canada set a $ 380.00 target price on shares of Microsoft in a research report on Thursday, May 19th. StockNews.com initiated coverage on shares of Microsoft in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Fundamental Research reduced their target price on shares of Microsoft from $ 299.93 to $ 298.00 and set a “hold” rating for the company in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $ 353.36.
About Microsoft (Get Rating)
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 organizations and enterprise divisions.
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