Schonfeld Strategic Advisors LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 13.1% during the fourth quarter, HoldingsChannel reports. The firm owned 80,500 shares of the software giant’s stock after buying an additional 9,300 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Microsoft were worth $12,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Benjamin Edwards Inc. lifted its holdings in Microsoft by 77.3% in the fourth quarter. Benjamin Edwards Inc. now owns 195 shares of the software giant’s stock valued at $31,000 after acquiring an additional 85 shares during the period. Carolina Wealth Advisors LLC bought a new position in Microsoft in the fourth quarter valued at about $37,000. Firestone Capital Management bought a new position in Microsoft in the fourth quarter valued at about $1,103,000. Vaughan AND Company Securities Inc. bought a new position in Microsoft in the fourth quarter valued at about $67,000. Finally, John W. Brooker & Co. CPAs bought a new position in Microsoft in the fourth quarter valued at about $74,000. 72.34% of the stock is currently owned by hedge funds and other institutional investors.
MSFT has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 price target on shares of Microsoft in a research report on Thursday, February 27th. Deutsche Bank reduced their price target on Microsoft from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Bank of America restated a “buy” rating and issued a $200.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Citigroup restated a “hold” rating and issued a $174.00 price target on shares of Microsoft in a research report on Thursday, February 27th. Finally, Piper Sandler upped their price target on Microsoft from $190.00 to $199.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $185.42.
In other news, EVP Jean Philippe Courtois sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total value of $3,231,900.00. Following the completion of the sale, the executive vice president now directly owns 582,510 shares of the company’s stock, valued at approximately $104,589,670.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by company insiders.
Shares of NASDAQ:MSFT traded up $8.96 during trading on Thursday, hitting $155.88. The company had a trading volume of 64,527,202 shares, compared to its average volume of 76,041,240. The stock has a market cap of $1,185.63 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. Microsoft Co. has a one year low of $115.52 and a one year high of $190.70. The company has a fifty day simple moving average of $166.62 and a two-hundred day simple moving average of $153.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.80 and a quick ratio of 2.77.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.19. The business had revenue of $36.91 billion during the quarter, compared to analyst estimates of $35.68 billion. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 5.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Wednesday, May 20th. Microsoft’s payout ratio is 42.95%.
Microsoft Company Profile
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, 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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