Stuart Chaussee & Associates Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 647.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,126 shares of the software giant’s stock after acquiring an additional 7,039 shares during the quarter. Microsoft comprises about 0.4% of Stuart Chaussee & Associates Inc.’s investment portfolio, making the stock its 14th biggest holding. Stuart Chaussee & Associates Inc.’s holdings in Microsoft were worth $695,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. First Eagle Investment Management LLC boosted its holdings in Microsoft by 10.1% during the third quarter. First Eagle Investment Management LLC now owns 26,072,817 shares of the software giant’s stock worth $1,942,164,000 after buying an additional 2,389,149 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in Microsoft by 40.7% in the 3rd quarter. Atlantic Trust Group LLC now owns 6,573,548 shares of the software giant’s stock worth $489,663,000 after purchasing an additional 1,901,312 shares during the period. Alecta Pensionsforsakring Omsesidigt boosted its stake in Microsoft by 21.5% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 9,750,000 shares of the software giant’s stock worth $726,278,000 after purchasing an additional 1,725,000 shares during the period. Canada Pension Plan Investment Board boosted its stake in Microsoft by 11.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 15,486,858 shares of the software giant’s stock worth $1,153,616,000 after purchasing an additional 1,555,100 shares during the period. Finally, Investec Asset Management LTD boosted its stake in Microsoft by 11.5% in the 3rd quarter. Investec Asset Management LTD now owns 11,820,766 shares of the software giant’s stock worth $880,529,000 after purchasing an additional 1,222,869 shares during the period. Institutional investors and hedge funds own 73.64% of the company’s stock.
A number of research firms recently commented on MSFT. Evercore ISI raised their price objective on shares of Microsoft from $115.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Microsoft in a research note on Thursday, May 10th. MED reaffirmed a “buy” rating on shares of Microsoft in a research note on Tuesday, May 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Microsoft in a research note on Tuesday, May 8th. Finally, Nomura set a $108.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, May 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and an average price target of $103.13.
Microsoft stock opened at $96.18 on Friday. The firm has a market cap of $749.34 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04. Microsoft Co. has a 1-year low of $96.62 and a 1-year high of $97.37. The company has a current ratio of 3.40, a quick ratio of 3.35 and a debt-to-equity ratio of 1.00.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, topping the consensus estimate of $0.85 by $0.10. The firm had revenue of $26.82 billion for the quarter, compared to the consensus estimate of $25.78 billion. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. research analysts expect that Microsoft Co. will post 3.8 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.75%. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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