Well Done LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 25.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,317 shares of the software giant’s stock after buying an additional 1,284 shares during the period. Well Done LLC’s holdings in Microsoft were worth $471,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors lifted its position in shares of Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC increased its stake in shares of Microsoft by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Microsoft by 32.5% in the second quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock worth $1,319,271,000 after buying an additional 4,699,588 shares during the last quarter. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Co restated an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Microsoft in a research note on Friday, January 12th. Barclays set a $95.00 price target on shares of Microsoft and gave the stock an “overweight” rating in a research note on Friday, January 12th. Oppenheimer lifted their price target on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Microsoft in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.97.
Shares of Microsoft Co. (NASDAQ:MSFT) opened at $88.35 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The stock has a market capitalization of $681,580.00, a PE ratio of 29.85, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99. Microsoft Co. has a twelve month low of $62.03 and a twelve month high of $90.79.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. equities analysts expect that Microsoft Co. will post 3.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.90%. Microsoft’s payout ratio is presently 56.76%.
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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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