Schaper Benz & Wise Investment Counsel Inc. WI trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,874 shares of the software giant’s stock after selling 3,361 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Microsoft were worth $4,643,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Keystone Financial Planning Inc. increased its position in shares of Microsoft by 1.7% during the first quarter. Keystone Financial Planning Inc. now owns 33,323 shares of the software giant’s stock valued at $3,041,000 after acquiring an additional 562 shares during the last quarter. Mitchell Sinkler & Starr PA increased its position in shares of Microsoft by 9.0% during the fourth quarter. Mitchell Sinkler & Starr PA now owns 6,990 shares of the software giant’s stock valued at $598,000 after acquiring an additional 580 shares during the last quarter. Searle & CO. increased its position in shares of Microsoft by 1.8% during the fourth quarter. Searle & CO. now owns 34,161 shares of the software giant’s stock valued at $2,922,000 after acquiring an additional 589 shares during the last quarter. Lehman Financial Resources Inc. increased its position in shares of Microsoft by 18.7% during the fourth quarter. Lehman Financial Resources Inc. now owns 3,750 shares of the software giant’s stock valued at $320,000 after acquiring an additional 590 shares during the last quarter. Finally, Fagan Associates Inc. increased its position in shares of Microsoft by 0.6% during the fourth quarter. Fagan Associates Inc. now owns 94,714 shares of the software giant’s stock valued at $8,102,000 after acquiring an additional 594 shares during the last quarter. Institutional investors and hedge funds own 72.32% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $107.00 price target on shares of Microsoft in a research report on Wednesday, June 13th. BidaskClub cut shares of Microsoft from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Credit Suisse Group set a $115.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, April 30th. Macquarie reissued a “neutral” rating and issued a $100.00 price objective on shares of Microsoft in a research note on Monday, April 30th. Finally, Barclays raised their price objective on shares of Microsoft from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Microsoft has an average rating of “Buy” and an average target price of $105.49.
Shares of Microsoft stock opened at $100.01 on Tuesday. Microsoft Co. has a 52-week low of $68.02 and a 52-week high of $102.69. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $759.28 billion, a P/E ratio of 30.21, a PEG ratio of 2.15 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The company had revenue of $26.82 billion during the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. equities research analysts anticipate that Microsoft Co. will post 3.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.68%. Microsoft’s dividend payout ratio is presently 50.76%.
In related news, Director Sandra E. Peterson acquired 5,400 shares of Microsoft stock in a transaction dated Tuesday, June 5th. The stock was acquired at an average price of $101.96 per share, for a total transaction of $550,584.00. Following the transaction, the director now owns 5,400 shares of the company’s stock, valued at $550,584. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $100.99, for a total transaction of $1,009,900.00. Following the sale, the executive vice president now owns 158,601 shares of the company’s stock, valued at approximately $16,017,114.99. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by insiders.
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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