Milestone Group Inc. reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,602 shares of the software giant’s stock after selling 865 shares during the period. Milestone Group Inc.’s holdings in Microsoft Corporation were worth $1,696,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc grew its position in Microsoft Corporation by 17.4% during the second quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares in the last quarter. Tompkins Financial Corp grew its position in Microsoft Corporation by 21.1% during the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after purchasing an additional 18,225 shares in the last quarter. State of Wisconsin Investment Board grew its position in Microsoft Corporation by 7.3% during the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after purchasing an additional 530,893 shares in the last quarter. HPM Partners LLC grew its position in Microsoft Corporation by 293.5% during the first quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock valued at $10,608,000 after purchasing an additional 120,135 shares in the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. grew its position in Microsoft Corporation by 1.4% during the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock valued at $4,519,000 after purchasing an additional 900 shares in the last quarter. 73.35% of the stock is currently owned by institutional investors and hedge funds.
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In other news, insider Jean Philippe Courtois sold 26,763 shares of the business’s 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 sale, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,081,763 shares of company stock worth $513,899,512. Company insiders own 1.49% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 83.89 on Tuesday. The firm’s 50-day moving average is $76.36 and its 200-day moving average is $72.24. The company has a market cap of $646.14 billion, a price-to-earnings ratio of 30.96 and a beta of 1.01. Microsoft Corporation has a one year low of $57.28 and a one year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Analysts expect that Microsoft Corporation will post $3.35 EPS for the current fiscal year.
The company 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 is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 53.06%.
A number of research analysts recently commented on MSFT shares. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 price objective (up from $86.00) on shares of Microsoft Corporation in a research report on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, July 13th. Atlantic Securities set a $83.00 price objective on shares of Microsoft Corporation and gave the company a “neutral” rating in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research report on Sunday, July 9th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.40.
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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