HL Financial Services LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,510,044 shares of the software giant’s stock after selling 8,630 shares during the period. Microsoft comprises about 3.6% of HL Financial Services LLC’s portfolio, making the stock its 5th largest holding. HL Financial Services LLC’s holdings in Microsoft were worth $186,973,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its stake in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after buying an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC lifted its stake in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares during the last quarter. Pacific Center for Financial Services lifted its stake in shares of Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after buying an additional 75 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after buying an additional 30 shares during the last quarter. Finally, Ruggie Capital Group lifted its stake in shares of Microsoft by 1,165.9% during the 2nd quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after buying an additional 2,600 shares during the last quarter. 73.22% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on MSFT shares. KeyCorp raised their target price on shares of Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Royal Bank of Canada restated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of Microsoft in a research note on Friday, October 27th. UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price for the company. in a research note on Monday, December 11th. Finally, Citigroup raised their target price on shares of Microsoft from $74.00 to $79.00 and gave the stock a “sell” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $99.09.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. sell-side analysts predict that Microsoft Co. will post 3.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is presently 114.29%.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $2,498,220 over the last 90 days. Corporate insiders own 1.49% of the company’s stock.
Microsoft 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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