Newman Dignan & Sheerar Inc. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,091 shares of the software giant’s stock after selling 477 shares during the quarter. Microsoft comprises about 2.8% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 5th biggest holding. Newman Dignan & Sheerar Inc.’s holdings in Microsoft were worth $8,242,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of MSFT. University of Texas Texas AM Investment Managment Co. grew its holdings in shares of Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after buying an additional 79 shares in the last quarter. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the first quarter worth $28,000. Tobam grew its holdings in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares in the last quarter. Newfound Research LLC grew its holdings in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after buying an additional 60 shares in the last quarter. Finally, Darrow Company Inc. purchased a new stake in shares of Microsoft during the second quarter worth $82,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Itau BBA Securities assumed coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Royal Bank of Canada lowered their price target on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Stifel Nicolaus lowered their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. BMO Capital Markets lowered their price target on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, StockNews.com assumed coverage on shares of Microsoft in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.
Insider Buying and Selling at Microsoft
Microsoft Stock Down 0.2 %
MSFT stock opened at $241.22 on Friday. The company’s 50 day moving average price is $237.85 and its 200 day moving average price is $256.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $349.67. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.33 and a beta of 0.92.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current fiscal year.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio is currently 29.31%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
- Get a free copy of the StockNews.com research report on Microsoft (MSFT)
- MarketBeat: Week in Review 11/14 – 11/18
- Target’s Double Bottom Might Have Just Been Confirmed
- How High Can the Fed Go? How to Trade it
- Does ASML’s November Rally Have Staying Power?
- Verra Mobility Stock Has Returned Back to the Station
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.