Peak Financial Management Inc. increases its stock holding in Microsoft Co. (NASDAQ:MSFT)


Peak Financial Management Inc. removed its position in Microsoft Co. (NASDAQ: MSFTGet a rating) by 20.0% in the first quarter, HoldingsChannel reports. The company held 4,711 shares of the software giant after purchasing an additional 785 shares during the period. Peak Financial Management Inc.’s holdings in Microsoft were worth $1,453,000 at the end of the last quarter.

Several other institutional investors and hedge funds have also recently changed their positions in the stock. State Street Corp increased its stake in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant worth $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Geode Capital Management LLC increased its stake in Microsoft by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant worth $43,313,705,000 after purchasing an additional 3,027,306 shares during the period. Norges Bank bought a new position in Microsoft during the fourth quarter worth approximately $24,401,940,000. Nuveen Asset Management LLC increased its stake in Microsoft by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 57,181,533 shares of the software giant worth $19,231,292,000 after purchasing an additional 584,273 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Microsoft by 7.5% during the third quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant worth $13,107,412,000 after purchasing an additional 3,258,613 shares during the period. 69.99% of the shares are held by hedge funds and other institutional investors.

Shares of MSFT action opened at $252.72 on Thursday. Microsoft Co. has a one-year low of $241.51 and a one-year high of $349.67. The company has a debt ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. The company has a 50-day moving average price of $261.41 and a 200-day moving average price of $286.69. The company has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 26.38, a growth price-to-earnings ratio of 2.20 and a beta of 0.93.

Microsoft (NASDAQ: MSFTGet a rating) last released its quarterly results on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating 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 company posted revenue of $49.36 billion in the quarter, versus analyst estimates of $49.05 billion. In the same quarter a year earlier, the company posted earnings of $1.95 per share. Microsoft’s revenue for the quarter increased 18.4% compared to the same quarter last year. As a group, stock analysts expect Microsoft Co. to post 9.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. The ex-date of this dividend is Wednesday, August 17. This represents an annualized dividend of $2.48 and a yield of 0.98%. Microsoft’s dividend payout ratio is currently 25.89%.

Several analysts have recently released reports on MSFT shares. Piper Sandler cut her price target on Microsoft shares from $352.00 to $312.00 and set an “overweight” rating on the stock in a Friday, July 8 research report. Citigroup raised its price target on Microsoft stock from $355.00 to $364.00 in a Wednesday, April 27 research report. BMO Capital Markets cut its price target on Microsoft shares from $345.00 to $340.00 and set an “outperform” rating on the stock in a Tuesday, April 26 research report. StockNews.com began covering Microsoft shares in a research report on Thursday, March 31. They set a “buy” rating on the stock. Finally, Stifel Nicolaus cut his Microsoft stock price target from $350.00 to $320.00 in a Thursday, June 2 research report. An equity research analyst rated the stock with a hold rating and thirty gave the stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $350.72.

Microsoft Company Profile (Get a 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, 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.

See also

Want to see which other hedge funds hold MSFT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Microsoft Co. (NASDAQ: MSFTGet a rating).

Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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