Professional Advisory Services Inc. lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,530 shares of the software giant’s stock after selling 201 shares during the period. Professional Advisory Services Inc.’s holdings in Microsoft Corporation were worth $519,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Hefty Wealth Partners raised its stake in Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after acquiring an additional 653 shares in the last quarter. Asset Planning Services Ltd. raised its stake in Microsoft Corporation by 93.0% during the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after acquiring an additional 837 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in Microsoft Corporation during the 1st quarter valued at $132,000. Arcus Capital Partners LLC bought a new stake in Microsoft Corporation during the 1st quarter valued at $205,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new stake in Microsoft Corporation during the 1st quarter valued at $209,000. 73.40% of the stock is currently owned by hedge funds and other institutional investors.
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Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, equities research analysts anticipate that Microsoft Corporation will post $3.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is 57.78%.
In other news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by company insiders.
MSFT has been the topic of several recent analyst reports. Global Equities Research reaffirmed a “buy” rating and set a $75.00 target price on shares of Microsoft Corporation in a research note on Tuesday, June 13th. Cowen and Company reiterated an “outperform” rating and set a $76.00 price target on shares of Microsoft Corporation in a research report on Friday, June 16th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 price target on shares of Microsoft Corporation in a research report on Friday, June 16th. Morgan Stanley set a $80.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Cleveland Research began coverage on Microsoft Corporation in a research report on Thursday, June 22nd. They set a “buy” rating and a $80.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $77.44.
Microsoft Corporation 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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