Newbridge Financial Services Group Inc. increased its holdings of Microsoft Co. (NASDAQ: MSFT – Get Rating) stock by 1.8% in the first quarter, HoldingsChannel reports. The fund held 19,382 shares of the software giant after buying an additional 345 shares during the period. Microsoft represents about 2.9% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its fifth largest holding. Newbridge Financial Services Group Inc.’s holdings in Microsoft were worth $5,976,000 when it last filed with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. ACT Wealth Management LLC raised its position in Microsoft by 0.8% in the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant valued at $1,378,000 after buying 34 additional shares in the last quarter. Wealth Enhancement & Preservation of GA LLC increased its stake in Microsoft shares by 0.7% in Q4. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant valued at $1,680,000 after buying 34 more shares in the last quarter. Hanlon Investment Management Inc. increased its position in Microsoft shares by 1.2% during the fourth quarter. Hanlon Investment Management Inc. now owns 2,868 shares of the software giant worth $965,000 after buying 35 more shares during the period. KB Financial Partners LLC increased its stake in Microsoft by 0.5% in the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant valued at $2,404,000 after buying 35 additional shares during the period. Finally, Valtinson Bruner Financial Planning LLC increased its position in Microsoft by 0.9% during the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant valued at $1,186,000 after acquiring 37 additional shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s shares.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $276.41 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt ratio of 0.30. The stock has a fifty-day simple moving average of $260.80 and a two-hundred-day simple moving average of $281.34. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67. The company has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 28.85, a growth price-to-earnings ratio of 2.01 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly results on Tuesday, July 26. The software giant reported earnings per share of $2.23 for the quarter, missing the consensus estimate of $2.29 per ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same period a year earlier, the company posted EPS of $2.17. Analysts expect Microsoft Co. to post earnings per share of 9.27 for the current year.
Microsoft announces dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8. Investors of record on Thursday, August 18 will receive a dividend of $0.62 per share. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.90%. The ex-date of this dividend is Wednesday, August 17. Microsoft’s payout ratio is currently 25.89%.
A Wall Street analyst gives his opinion
Several research companies have recently weighed in on MSFT. Rosenblatt Securities lowered its price target on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report Tuesday. Credit Suisse Group set a price target of $400.00 for Microsoft in a report released on Tuesday. Morgan Stanley lowered its price target on Microsoft shares from $372.00 to $354.00 and set an “overweight” rating for the company in a Tuesday, July 12 research note. Barclays cut its price target on Microsoft shares from $363.00 to $335.00 and set an “overweight” rating for the company in a Friday, June 10 report. Finally, KeyCorp lowered its price target on Microsoft stock from $373.00 to $330.00 and set an “overweight” rating on the stock in a Thursday, July 7 report. One investment analyst gave the stock a hold rating and twenty-nine gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $337.63.
Microsoft Company Profile
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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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
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