Courier Capital LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,288 shares of the software giant’s stock after selling 2,563 shares during the quarter. Microsoft accounts for about 1.7% of Courier Capital LLC’s investment portfolio, making the stock its 11th largest holding. Courier Capital LLC’s holdings in Microsoft were worth $13,167,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Moseley Investment Management Inc. boosted its position in shares of Microsoft by 3.0% during the second quarter. Moseley Investment Management Inc. now owns 24,385 shares of the software giant’s stock worth $3,267,000 after buying an additional 701 shares during the period. HNP Capital LLC boosted its position in shares of Microsoft by 6.5% during the second quarter. HNP Capital LLC now owns 31,695 shares of the software giant’s stock worth $4,246,000 after buying an additional 1,927 shares during the period. Larson Financial Group LLC boosted its position in shares of Microsoft by 39.7% during the second quarter. Larson Financial Group LLC now owns 2,894 shares of the software giant’s stock worth $388,000 after buying an additional 822 shares during the period. NEXT Financial Group Inc boosted its position in shares of Microsoft by 100.0% during the second quarter. NEXT Financial Group Inc now owns 36,183 shares of the software giant’s stock worth $4,847,000 after buying an additional 18,095 shares during the period. Finally, We Are One Seven LLC boosted its position in shares of Microsoft by 1.9% during the second quarter. We Are One Seven LLC now owns 61,734 shares of the software giant’s stock worth $8,269,000 after buying an additional 1,167 shares during the period. Institutional investors own 72.09% of the company’s stock.
In other Microsoft news, CMO Christopher C. Capossela sold 3,372 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the transaction, the chief marketing officer now owns 136,623 shares in the company, valued at approximately $18,862,171.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction on Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of the transaction, the insider now owns 64,152 shares in the company, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,319 shares of company stock worth $3,783,500. Corporate insiders own 1.38% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm had revenue of $33.72 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter last year, the company earned $1.13 EPS. The company’s revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 5.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.34%. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.
Several research analysts recently commented on MSFT shares. Royal Bank of Canada reissued a “buy” rating and set a $153.00 price target on shares of Microsoft in a research report on Wednesday, July 24th. Citigroup increased their price target on Microsoft from $147.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. reissued a “buy” rating and set a $155.00 price target on shares of Microsoft in a research report on Friday, July 19th. BMO Capital Markets increased their price target on Microsoft from $147.00 to $153.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, Canaccord Genuity increased their price target on Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $149.21.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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