Tiaa Fsb cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 616,610 shares of the software giant’s stock after selling 6,114 shares during the quarter. Tiaa Fsb’s holdings in Microsoft were worth $70,521,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Peak Capital Management LLC purchased a new position in Microsoft during the 2nd quarter valued at about $107,000. WP Advisors LLC bought a new stake in Microsoft during the second quarter worth approximately $131,000. Quattro Financial Advisors LLC bought a new stake in shares of Microsoft in the third quarter valued at approximately $132,000. LFA Lugano Financial Advisors SA acquired a new position in Microsoft during the second quarter worth $139,000. Finally, Live Your Vision LLC increased its position in Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after purchasing an additional 509 shares during the period. Institutional investors and hedge funds own 71.62% of the company’s stock.
A number of analysts have recently weighed in on the company. Oppenheimer reiterated a “buy” rating and set a $127.00 target price on shares of Microsoft in a research report on Monday, September 24th. Macquarie upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 price target on the stock in a report on Friday, October 12th. Jefferies Financial Group reissued a “sell” rating and set a $75.00 price target on shares of Microsoft in a report on Monday, November 19th. Credit Suisse Group reaffirmed a “buy” rating on shares of Microsoft in a report on Wednesday, January 2nd. Finally, reaffirmed a “buy” rating and issued a $127.00 price target on shares of Microsoft in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $121.88.
MSFT stock opened at $106.83 on Friday. The firm has a market cap of $811.40 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85. Microsoft Co. has a 1-year low of $83.83 and a 1-year high of $116.18.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.18. The firm had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. Equities research analysts predict that Microsoft Co. will post 4.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, February 20th. Microsoft’s dividend payout ratio (DPR) is 47.42%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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