Nicolet Bankshares Inc. grew its stake in Microsoft Co. (NASDAQ:MSFT) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,062 shares of the software giant’s stock after purchasing an additional 1,188 shares during the period. Microsoft makes up about 0.7% of Nicolet Bankshares Inc.’s holdings, making the stock its 22nd largest holding. Nicolet Bankshares Inc.’s holdings in Microsoft were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of MSFT. Kohmann Bosshard Financial Services LLC purchased a new position in Microsoft in the fourth quarter worth approximately $103,000. Cerebellum GP LLC purchased a new position in Microsoft in the fourth quarter worth approximately $134,000. Family Capital Trust Co purchased a new position in Microsoft in the fourth quarter worth approximately $188,000. NewSquare Capital LLC grew its position in Microsoft by 470.8% in the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock worth $193,000 after acquiring an additional 98,752 shares during the period. Finally, Mitchell Capital Management Co. purchased a new position in Microsoft in the third quarter worth approximately $201,000. Institutional investors and hedge funds own 72.44% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.49% of the stock is owned by company insiders.
Shares of Microsoft opened at $98.66 on Thursday, according to Marketbeat.com. The firm has a market capitalization of $751.50 billion, a PE ratio of 29.81, a P/E/G ratio of 2.15 and a beta of 1.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.35 and a current ratio of 3.40. Microsoft Co. has a 12-month low of $67.43 and a 12-month high of $98.69.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.10. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The business had revenue of $26.82 billion for the quarter, compared to analysts’ expectations of $25.78 billion. During the same period last year, the firm earned $0.73 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. analysts anticipate that Microsoft Co. will post 3.8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio is presently 50.76%.
MSFT has been the subject of several analyst reports. Instinet initiated coverage on Microsoft in a research report on Thursday, January 25th. They issued a “buy” rating for the company. Barclays reiterated a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Microsoft in a research report on Thursday, January 25th. JPMorgan Chase & Co. increased their price objective on Microsoft from $78.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on Microsoft to $100.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, KeyCorp reiterated a “buy” rating and issued a $106.00 price objective on shares of Microsoft in a research report on Sunday, January 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $103.13.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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