Profit Investment Management LLC Acquires 228 Shares of Microsoft Co. (NASDAQ:MSFT)
Profit Investment Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,530 shares of the software giant’s stock after acquiring an additional 228 shares during the period. Profit Investment Management LLC’s holdings in Microsoft were worth $2,012,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sigma Investment Counselors Inc. increased its stake in shares of Microsoft by 1.3% in the first quarter. Sigma Investment Counselors Inc. now owns 53,193 shares of the software giant’s stock worth $16,400,000 after purchasing an additional 664 shares in the last quarter. JGP Wealth Management LLC increased its stake in shares of Microsoft by 6.3% in the first quarter. JGP Wealth Management LLC now owns 66,011 shares of the software giant’s stock worth $19,603,000 after purchasing an additional 3,883 shares in the last quarter. BLB&B Advisors LLC increased its stake in shares of Microsoft by 2.0% in the first quarter. BLB&B Advisors LLC now owns 165,983 shares of the software giant’s stock worth $51,174,000 after purchasing an additional 3,334 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of Microsoft by 9.6% in the first quarter. Great Valley Advisor Group Inc. now owns 93,461 shares of the software giant’s stock worth $29,440,000 after purchasing an additional 8,171 shares in the last quarter. Finally, Baugh & Associates LLC increased its stake in shares of Microsoft by 1.9% in the first quarter. Baugh & Associates LLC now owns 45,169 shares of the software giant’s stock worth $13,926,000 after purchasing an additional 861 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.
MSFT has been the subject of several research analyst reports. Fundamental Research cut their target price on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating for the company in a research note on Tuesday, May 3rd. Wells Fargo & Company cut their target price on shares of Microsoft from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. Jefferies Financial Group cut their target price on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Wolfe Research raised their target price on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. Finally, Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a research note on Thursday, May 19th. One equities research analyst has rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $350.72.
Microsoft stock opened at $253.67 on Wednesday. The firm has a 50-day moving average price of $262.16 and a 200-day moving average price of $287.26. The firm has a market capitalization of $1.90 trillion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.20 and a beta of 0.93. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt-to-equity ratio of 0.30. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.04. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The firm had revenue of $49.36 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same quarter last year, the business earned $1.95 EPS. The business’s revenue was up 18.4% on a year-over-year basis. As a group, sell-side analysts predict that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.98%. Microsoft’s payout ratio is 25.89%.
About Microsoft (Get Rating)
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, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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