Oliver Luxxe Assets LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 53.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,028 shares of the software giant’s stock after purchasing an additional 2,089 shares during the period. Oliver Luxxe Assets LLC’s holdings in Microsoft were worth $416,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. River Wealth Advisors LLC grew its position in shares of Microsoft by 6.4% during the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock worth $1,732,000 after purchasing an additional 1,517 shares in the last quarter. Northeast Financial Consultants Inc grew its position in shares of Microsoft by 17.4% during the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after purchasing an additional 1,500 shares in the last quarter. JLB & Associates Inc. acquired a new position in shares of Microsoft during the 2nd quarter worth approximately $10,873,000. State of Wisconsin Investment Board grew its position in shares of Microsoft by 7.3% during the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after purchasing an additional 530,893 shares in the last quarter. Finally, First National Bank Sioux Falls grew its position in shares of Microsoft by 9.6% during the 2nd quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock worth $1,078,000 after purchasing an additional 1,365 shares in the last quarter. Hedge funds and other institutional investors own 73.35% of the company’s stock.
MSFT has been the topic of several analyst reports. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Canaccord Genuity reiterated a “buy” rating and set a $94.00 price target (up previously from $86.00) on shares of Microsoft in a research report on Friday, October 27th. Atlantic Securities set a $83.00 price target on shares of Microsoft and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Barclays reiterated an “overweight” rating and set a $89.00 price target (up previously from $82.00) on shares of Microsoft in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $84.48.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $84.26 on Friday. Microsoft Corporation has a 52-week low of $58.80 and a 52-week high of $86.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. The firm has a market cap of $649,337.06, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. equities research analysts expect that Microsoft Corporation will post 3.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is currently 57.14%.
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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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