Greystone Managed Investments Inc. lifted its position in Microsoft Co. (NASDAQ:MSFT) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,107 shares of the software giant’s stock after acquiring an additional 9,197 shares during the quarter. Microsoft makes up approximately 0.8% of Greystone Managed Investments Inc.’s portfolio, making the stock its 26th largest position. Greystone Managed Investments Inc.’s holdings in Microsoft were worth $18,109,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Acrospire Investment Management LLC grew its position in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares during the period. Stelac Advisory Services LLC boosted its position in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Pacific Center for Financial Services boosted its position in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. AlphaMark Advisors LLC boosted its position in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Finally, Mitchell Capital Management Co. bought a new position in Microsoft during the third quarter worth about $201,000. Hedge funds and other institutional investors own 73.19% of the company’s stock.
A number of equities analysts have weighed in on MSFT shares. Oppenheimer increased their target price on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Citigroup increased their target price on shares of Microsoft to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Evercore ISI increased their target price on shares of Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.11.
Shares of Microsoft Co. (NASDAQ MSFT) opened at $94.06 on Monday. The firm has a market cap of $724,240.00, a P/E ratio of 28.85, a P/E/G ratio of 2.18 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. Microsoft Co. has a one year low of $63.62 and a one year high of $96.07.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 25.93% and a return on equity of 35.80%. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. equities analysts anticipate that Microsoft Co. will post 3.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 51.53%.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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