Integrated Investment Consultants LLC cut its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,253 shares of the software giant’s stock after selling 95 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Microsoft Corporation were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Hefty Wealth Partners raised its stake in shares of Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the last quarter. Asset Planning Services Ltd. raised its stake in shares of Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares during the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation in the first quarter worth approximately $132,000. Arcus Capital Partners LLC purchased a new stake in shares of Microsoft Corporation in the first quarter worth approximately $205,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Microsoft Corporation in the first quarter worth approximately $209,000. 73.40% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock worth $515,879,974 over the last three months. 2.99% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: “Integrated Investment Consultants LLC Has $1.19 Million Stake in Microsoft Corporation (MSFT)” was published by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/10/10/integrated-investment-consultants-llc-has-1-19-million-stake-in-microsoft-corporation-msft.html.
Microsoft Corporation (NASDAQ MSFT) traded up 0.09% during mid-day trading on Tuesday, hitting $76.36. The company had a trading volume of 6,912,566 shares. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $76.63. The stock has a market capitalization of $588.14 billion, a PE ratio of 28.18 and a beta of 1.01. The stock has a 50 day moving average price of $74.20 and a 200-day moving average price of $70.80.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period in the prior year, the company posted $0.69 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is 57.78%.
MSFT has been the subject of several recent analyst reports. Canaccord Genuity raised Microsoft Corporation from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $86.00 in a report on Thursday, October 5th. ValuEngine lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. set a $80.00 target price on Microsoft Corporation and gave the company a “buy” rating in a report on Monday, September 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Monday, September 18th. Finally, Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the company a “buy” rating in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $77.44.
Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
What are top analysts saying about Microsoft Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Microsoft Corporation and related companies.