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.
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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.
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