Fiduciary Management Inc. WI cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the third quarter, Holdings Channel reports. The fund owned 4,135,391 shares of the software giant’s stock after selling 72,280 shares during the quarter. Microsoft makes up 1.8% of Fiduciary Management Inc. WI’s holdings, making the stock its 24th largest position. Fiduciary Management Inc. WI’s holdings in Microsoft were worth $308,045,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC grew its position in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC lifted its holdings in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Pacific Center for Financial Services lifted its holdings in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Finally, Mitchell Capital Management Co. acquired a new stake in shares of Microsoft during the third quarter worth $201,000. Institutional investors and hedge funds own 73.88% of the company’s stock.
MSFT has been the subject of several recent research reports. Barclays set a $95.00 price target on Microsoft and gave the stock an “overweight” rating in a report on Friday, January 12th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Oppenheimer increased their price target on Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and set a $115.00 price target (up from $95.00) on shares of Microsoft in a report on Thursday, January 18th. Finally, BMO Capital Markets increased their price target on Microsoft to $100.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $99.28.
Microsoft Co. (NASDAQ MSFT) opened at $96.77 on Tuesday. The stock has a market capitalization of $745,110.00, a price-to-earnings ratio of 29.68, a PEG ratio of 2.23 and a beta of 1.04. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. Microsoft Co. has a one year low of $64.12 and a one year high of $97.21.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. research analysts forecast that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is presently 51.53%.
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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