Microsoft Co. (MSFT) Stake Decreased by Essex Investment Management Co. LLC
Essex Investment Management Co. LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,958 shares of the software giant’s stock after selling 2,435 shares during the period. Microsoft accounts for about 1.2% of Essex Investment Management Co. LLC’s investment portfolio, making the stock its 12th largest position. Essex Investment Management Co. LLC’s holdings in Microsoft were worth $9,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Microsoft in the fourth quarter valued at approximately $103,000. Cerebellum GP LLC purchased a new position in Microsoft in the fourth quarter valued at approximately $134,000. Family Capital Trust Co purchased a new position in Microsoft in the fourth quarter valued at approximately $188,000. NewSquare Capital LLC raised its holdings in Microsoft by 470.8% in the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock valued at $193,000 after buying an additional 98,752 shares during the period. Finally, New England Investment & Retirement Group Inc. purchased a new position in Microsoft in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 72.44% of the company’s stock.
A number of research firms have recently issued reports on MSFT. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Credit Suisse Group set a $115.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, April 24th. UBS set a $114.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, April 27th. Finally, KeyCorp reiterated a “buy” rating and set a $110.00 price objective on shares of Microsoft in a research note on Friday, April 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $103.13.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.10. The firm had revenue of $26.82 billion during the quarter, compared to the consensus estimate of $25.78 billion. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. analysts anticipate that Microsoft Co. will post 3.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s dividend payout ratio is presently 50.76%.
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.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.