Nadler Financial Group Inc. lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,744 shares of the software giant’s stock after selling 593 shares during the quarter. Microsoft Corporation comprises 0.6% of Nadler Financial Group Inc.’s portfolio, making the stock its 19th biggest holding. Nadler Financial Group Inc.’s holdings in Microsoft Corporation were worth $1,775,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Vista Capital Partners Inc. raised its stake in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock worth $620,000 after buying an additional 36 shares during the period. Stock Yards Bank & Trust Co. raised its stake in Microsoft Corporation by 101.4% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 251,147 shares of the software giant’s stock valued at $16,540,000 after purchasing an additional 126,420 shares during the period. Forte Capital LLC ADV raised its stake in Microsoft Corporation by 26.5% during the 1st quarter. Forte Capital LLC ADV now owns 13,663 shares of the software giant’s stock valued at $900,000 after purchasing an additional 2,860 shares during the period. Gulf International Bank UK Ltd raised its stake in Microsoft Corporation by 1.5% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,303,295 shares of the software giant’s stock valued at $151,695,000 after purchasing an additional 34,625 shares during the period. Finally, Augustine Asset Management Inc. raised its stake in Microsoft Corporation by 0.6% during the 1st quarter. Augustine Asset Management Inc. now owns 141,445 shares of the software giant’s stock valued at $9,315,000 after purchasing an additional 844 shares during the period. 73.40% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on MSFT. Stifel Nicolaus reissued a “buy” rating on shares of Microsoft Corporation in a research note on Thursday. Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Barclays PLC reissued an “overweight” rating and set a $82.00 target price (up previously from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Raymond James Financial, Inc. lifted their target price on Microsoft Corporation to $84.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, MKM Partners reissued a “neutral” rating and set a $70.00 target price (up previously from $66.00) on shares of Microsoft Corporation in a research note on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $77.44.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by insiders.
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Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same period last year, the business posted $0.69 earnings per share. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.18%. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
Microsoft Corporation 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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