Microsoft Corporation (MSFT) Shares Sold by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,284 shares of the software giant’s stock after selling 460 shares during the period. Microsoft Corporation comprises 0.5% of Honkamp Krueger Financial Services Inc.’s portfolio, making the stock its 16th largest position. Honkamp Krueger Financial Services Inc.’s holdings in Microsoft Corporation were worth $6,223,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MSFT. Stokes & Hubbell Capital Management LLC lifted its holdings in Microsoft Corporation by 2.2% during the 1st quarter. Stokes & Hubbell Capital Management LLC now owns 37,756 shares of the software giant’s stock worth $2,487,000 after buying an additional 795 shares during the last quarter. Prentiss Smith & Co. Inc. lifted its holdings in Microsoft Corporation by 10.7% during the 1st quarter. Prentiss Smith & Co. Inc. now owns 10,379 shares of the software giant’s stock worth $684,000 after buying an additional 1,000 shares during the last quarter. First Command Financial Services Inc. lifted its holdings in Microsoft Corporation by 1.6% during the 1st quarter. First Command Financial Services Inc. now owns 13,425 shares of the software giant’s stock worth $884,000 after buying an additional 211 shares during the last quarter. Hays Advisory LLC lifted its holdings in Microsoft Corporation by 8.6% during the 1st quarter. Hays Advisory LLC now owns 4,303 shares of the software giant’s stock worth $283,000 after buying an additional 339 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its holdings in Microsoft Corporation by 4.1% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 49,790 shares of the software giant’s stock worth $3,279,000 after buying an additional 1,948 shares during the last quarter. 73.35% of the stock is currently owned by institutional investors.

Microsoft Corporation (NASDAQ:MSFT) opened at 83.81 on Monday. Microsoft Corporation has a 12-month low of $57.28 and a 12-month high of $86.20. The firm’s 50-day moving average price is $76.09 and its 200 day moving average price is $72.00. The company has a market capitalization of $645.53 billion, a price-to-earnings ratio of 30.93 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the prior year, the business posted $0.76 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Microsoft Corporation will post $3.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is currently 53.06%.

MSFT has been the topic of a number of research reports. Canaccord Genuity reiterated a “buy” rating and set a $94.00 price target (up from $86.00) on shares of Microsoft Corporation in a research report on Friday. Credit Suisse Group reiterated a “buy” rating and set a $95.00 price target on shares of Microsoft Corporation in a research report on Friday. Goldman Sachs Group, Inc. (The) set a $92.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price target on Microsoft Corporation from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays PLC reiterated an “overweight” rating and set a $89.00 price target (up from $82.00) on shares of Microsoft Corporation in a research report on Friday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $81.40.

In other news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated Wednesday, August 30th. 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 537,519 shares of the company’s stock, valued at $39,776,406. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,081,763 shares of company stock valued at $513,899,512. Company insiders own 1.49% of the company’s stock.

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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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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