Parkside Financial Bank & Trust grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,008 shares of the software giant’s stock after purchasing an additional 654 shares during the quarter. Microsoft comprises 0.6% of Parkside Financial Bank & Trust’s portfolio, making the stock its 28th biggest holding. Parkside Financial Bank & Trust’s holdings in Microsoft were worth $1,626,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Microsoft during the fourth quarter valued at about $103,000. Cerebellum GP LLC bought a new stake in shares of Microsoft in the fourth quarter worth about $134,000. Family Capital Trust Co bought a new stake in shares of Microsoft in the fourth quarter worth about $188,000. Moller Financial Services bought a new stake in shares of Microsoft in the fourth quarter worth about $205,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Microsoft in the fourth quarter worth about $211,000. 72.44% of the stock is currently owned by hedge funds and other institutional investors.
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MSFT has been the topic of several recent analyst reports. TheStreet raised Microsoft from a “c+” rating to an “a-” rating in a research note on Thursday, April 26th. Deutsche Bank reissued a “buy” rating and issued a $115.00 target price on shares of Microsoft in a research note on Thursday, February 1st. Goldman Sachs Group set a $103.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Thursday, February 1st. Royal Bank of Canada set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Co set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-three have issued a buy rating to the company. Microsoft presently has an average rating of “Buy” and a consensus price target of $103.13.
Microsoft opened at $98.36 on Monday, MarketBeat.com reports. Microsoft Co. has a 52-week low of $68.02 and a 52-week high of $98.98. The company has a market cap of $757.35 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 earnings per share 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 analyst estimates of $25.78 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. sell-side analysts predict that Microsoft Co. will post 3.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.71%. Microsoft’s payout ratio is currently 50.76%.
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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