Norway Savings Bank increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% during the 1st quarter, according to its latest Form 13F filed with the Securities & Exchange Commission. The company held 14,184 shares of the software giant after acquiring 42 additional shares during the period. Microsoft accounts for approximately 2.0% of Norway Savings Bank’s holdings, making it its 5th largest holding. Norway Savings Bank’s holdings in Microsoft were worth $4,373,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently changed their stock holdings. Shore Point Advisors LLC acquired a new stake in Microsoft during the fourth quarter valued at approximately $40,000. Macroview Investment Management LLC acquired a new position in Microsoft stock in Q4 worth approximately $62,000. TFO TDC LLC increased its holdings of Microsoft shares by 6,566.7% in Q4. TFO TDC LLC now owns 200 shares of the software giant worth $68,000 after acquiring 197 additional shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Microsoft stock in Q3 worth approximately $71,000. Finally, Castle Financial & Retirement Planning Associates Inc. acquired a new position in Microsoft stock in Q4 worth approximately $80,000. Hedge funds and other institutional investors hold 69.99% of the company’s shares.
Several brokerages have recently commented on MSFT. Wolfe Research raised its price target on Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a Wednesday, April 27 report. Wells Fargo & Company cut its price target on Microsoft from $425.00 to $400.00 and set an “overweight” rating on the stock in a Tuesday, April 19 report. JPMorgan Chase & Co. set a price target of $320.00 on Microsoft stock in a Thursday, June 9 research report. UBS Group set a price target of $330.00 on Microsoft shares in a Monday, June 20 research report. Finally, Citigroup raised its price target on Microsoft stock from $355.00 to $364.00 in a Wednesday, April 27 research report. One analyst rated the stock with a hold rating and twenty-nine rated the company a buy rating. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $353.36.
MSFT opened at $267.70 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.99 and a leverage ratio of 0.30. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company has a fifty-day simple moving average of $266.83 and a 200-day simple moving average of $293.25. The stock has a market capitalization of $2 trillion, a P/E ratio of 27.94, a P/E/G ratio of 2.28 and a beta of 0.94.
Microsoft (NASDAQ:MSFT – Get Rating) last released quarterly earnings data on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating consensus analyst 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 posted revenue of $49.36 billion in the quarter, compared to $49.05 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $1.95. The company’s quarterly revenue increased 18.4% year over year. On average, stock research analysts expect Microsoft Co. to post earnings per share of 9.28 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Investors of record on Thursday August 18 will receive a dividend of $0.62. This represents a dividend of $2.48 on an annualized basis and a yield of 0.93%. The ex-date of this dividend is Wednesday, August 17. Microsoft’s payout ratio is currently 25.89%.
Microsoft Profile (Get an evaluation)
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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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