Gemmer Asset Management LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,341 shares of the software giant’s stock after selling 1,189 shares during the period. Gemmer Asset Management LLC’s holdings in Microsoft were worth $2,910,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Resolute Partners Group purchased a new stake in shares of Microsoft in the 4th quarter valued at $26,000. Goodwin Investment Advisory purchased a new stake in Microsoft during the fourth quarter valued at about $28,000. NuWave Investment Management LLC boosted its position in Microsoft by 3,250.0% during the fourth quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock valued at $30,000 after buying an additional 130 shares during the period. Kinloch Capital LLC purchased a new position in shares of Microsoft in the fourth quarter worth about $37,000. Finally, Safir Wealth Advisors LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 69.01% of the company’s stock.
A number of brokerages have commented on MSFT. Evercore ISI lifted their price target on Microsoft from $260.00 to $300.00 in a research note on Wednesday, January 27th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “strong-buy” rating and set a $252.00 target price on the stock in a research note on Friday, January 29th. UBS Group increased their price target on shares of Microsoft from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Barclays upped their price objective on shares of Microsoft from $269.00 to $288.00 and gave the company an “overweight” rating in a research note on Wednesday, April 28th. Finally, Exane BNP Paribas initiated coverage on Microsoft in a research report on Thursday, April 22nd. They set an “outperform” rating and a $330.00 price target for the company. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and an average price target of $286.15.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, April 27th. The software giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.19. The firm had revenue of $41.71 billion during the quarter, compared to the consensus estimate of $40.83 billion. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The company’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 6.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, May 19th. This represents a $2.24 annualized dividend and a yield of 0.89%. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.
In other news, Director Emma N. Walmsley acquired 4,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 10th. The stock was bought at an average cost of $236.80 per share, for a total transaction of $1,018,240.00. Following the acquisition, the director now directly owns 5,026 shares in the company, valued at $1,190,156.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.05% of the company’s stock.
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, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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