HighTower Trust Services LTA strengthened its position in Microsoft Co. (NASDAQ: MSFTGet a rating) by 0.6% in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 208,255 shares of the software giant after purchasing an additional 1,163 shares during the period. Microsoft accounts for approximately 6.1% of HighTower Trust Services LTA’s holdings, making the stock its 3rd largest position. HighTower Trust Services LTA’s holdings in Microsoft were worth $64,207,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Financial Management Network Inc. increased its stake in Microsoft by 4.0% in the 1st quarter. Financial Management Network Inc. now owns 13,982 shares of the software giant worth $4,404,000 after buying 532 more shares last quarter. Chicago Capital LLC increased its stake in Microsoft by 2.6% in the first quarter. Chicago Capital LLC now owns 122,721 shares of the software giant worth $37,836,000 after buying 3,086 additional shares last quarter. Ellsworth Advisors LLC increased its stake in Microsoft by 1.5% in Q1. Ellsworth Advisors LLC now owns 14,912 shares of the software giant worth $4,270,000 after buying 225 more shares last quarter. Zhang Financial LLC increased its stake in Microsoft by 5.8% in the first quarter. Zhang Financial LLC now owns 51,206 shares of the software giant worth $15,787,000 after buying 2,793 additional shares last quarter. Finally, Waddell & Associates LLC increased its stake in Microsoft by 10.1% in the 1st quarter. Waddell & Associates LLC now owns 16,490 shares of the software giant worth $5,084,000 after buying 1,513 additional shares last quarter. Institutional investors hold 69.99% of the company’s shares.

Microsoft down 1.0%

Microsoft share opened at $254.25 on Tuesday. The company has a 50-day moving average of $260.38 and a 200-day moving average of $284.95. The company has a market capitalization of $1.90 trillion, a price/earnings ratio of 26.54, a P/E/G ratio of 2.12 and a beta of 0.93. Microsoft Co. has a 12 month minimum of $241.51 and a 12 month maximum of $349.67. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt ratio of 0.30.

Microsoft (NASDAQ: MSFTGet a rating) last reported quarterly earnings data on Tuesday, April 26. The software giant reported earnings per share (EPS) of $2.22 for the quarter, beating consensus analyst estimates 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. During the same period last year, the company posted EPS of $1.95. The company’s revenue increased 18.4% year over year. As a group, research analysts predict that Microsoft Co. will post earnings per share of 9.27 for the current year.

Microsoft dividend announcement

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. This represents a dividend of $2.48 on an annualized basis and a yield of 0.98%. The ex-dividend date is Wednesday, August 17. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

A Wall Street analyst gives his opinion

MSFT has been the subject of a number of analyst reports. Citigroup raised its price target on Microsoft shares from $355.00 to $364.00 in a Wednesday, April 27 research note. Redburn Partners began covering Microsoft shares in a research note on Wednesday, June 29. They set a “buy” rating and a target price of $370.00 on the stock. JPMorgan Chase & Co. set a target price of $320.00 on Microsoft stock in a Thursday, June 9 research note. StockNews.com began covering Microsoft shares in a research note on Thursday, March 31. They set a “buy” rating on the stock. Finally, Wedbush lowered its price target on Microsoft stock from $375.00 to $340.00 and set an “outperform” rating on the stock in a Wednesday, April 27 research note. One analyst rated the stock with a hold rating and thirty gave the stock a buy rating. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $349.53.

About Microsoft

(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.

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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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