Fieldpoint Private Securities LLC Decreases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Fieldpoint Private Securities LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.1% during the first quarter, HoldingsChannel.com reports. The fund owned 40,752 shares of the software giant’s stock after selling 3,586 shares during the period. Microsoft makes up about 2.6% of Fieldpoint Private Securities LLC’s holdings, making the stock its 4th biggest holding. Fieldpoint Private Securities LLC’s holdings in Microsoft were worth $12,564,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Shore Point Advisors LLC bought a new stake in shares of Microsoft during the fourth quarter worth about $40,000. Macroview Investment Management LLC bought a new stake in shares of Microsoft during the fourth quarter worth about $62,000. TFO TDC LLC grew its holdings in shares of Microsoft by 6,566.7% during the fourth quarter. TFO TDC LLC now owns 200 shares of the software giant’s stock worth $68,000 after purchasing an additional 197 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Microsoft during the third quarter worth about $71,000. Finally, Castle Financial & Retirement Planning Associates Inc. bought a new stake in shares of Microsoft during the fourth quarter worth about $80,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Shares of NASDAQ MSFT opened at $258.86 on Friday. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The business has a 50-day simple moving average of $267.07 and a two-hundred day simple moving average of $293.43. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.94 trillion, a P/E ratio of 27.02, a P/E/G ratio of 2.29 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, April 26th. The software giant reported $2.22 EPS for the quarter, topping the consensus estimate of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The business had revenue of $49.36 billion during the quarter, compared to the consensus estimate of $49.05 billion. During the same quarter last year, the company earned $1.95 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 9.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.96%. Microsoft’s dividend payout ratio is currently 25.89%.

Several analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on Microsoft from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft cut their price objective on Microsoft from $390.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27th. Credit Suisse Group set a $400.00 price objective on Microsoft in a research note on Friday, June 3rd. Jefferies Financial Group cut their price objective on Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Finally, JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a research note on Thursday, June 9th. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.36.

About Microsoft (Get Rating)

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 organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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