Howard Financial Services LTD. Sells 847 Shares of Microsoft Co. (NASDAQ:MSFT)

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Howard Financial Services LTD. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 9.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,777 shares of the software giant’s stock after selling 847 shares during the period. Howard Financial Services LTD.’s holdings in Microsoft were worth $1,042,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV raised its position in shares of Microsoft by 10.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,347 shares of the software giant’s stock valued at $137,000 after buying an additional 125 shares during the last quarter. Selz Capital LLC bought a new stake in Microsoft in the fourth quarter valued at about $212,000. Hemenway Trust Co LLC increased its stake in Microsoft by 0.7% in the fourth quarter. Hemenway Trust Co LLC now owns 129,685 shares of the software giant’s stock valued at $13,172,000 after acquiring an additional 942 shares during the period. Baystate Wealth Management LLC increased its stake in Microsoft by 7.7% in the fourth quarter. Baystate Wealth Management LLC now owns 18,430 shares of the software giant’s stock valued at $1,985,000 after acquiring an additional 1,315 shares during the period. Finally, Calamos Advisors LLC increased its stake in Microsoft by 4.8% in the fourth quarter. Calamos Advisors LLC now owns 3,422,119 shares of the software giant’s stock valued at $347,585,000 after acquiring an additional 156,334 shares during the period. Hedge funds and other institutional investors own 72.49% of the company’s stock.

In related news, CMO Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $138.00, for a total value of $483,000.00. Following the transaction, the chief marketing officer now directly owns 129,817 shares in the company, valued at $17,914,746. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the transaction, the chief marketing officer now owns 136,623 shares in the company, valued at $18,862,171.38. The disclosure for this sale can be found here. Insiders sold 33,819 shares of company stock worth $4,603,450 over the last 90 days. 1.38% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on MSFT. Stifel Nicolaus upped their target price on shares of Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Mizuho set a $152.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup upped their target price on shares of Microsoft from $147.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of Microsoft in a research note on Thursday, August 29th. Finally, Argus upped their price objective on shares of Microsoft to $158.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $149.21.

Shares of MSFT traded up $2.24 during mid-day trading on Thursday, hitting $139.87. 4,465,828 shares of the company traded hands, compared to its average volume of 22,883,080. Microsoft Co. has a one year low of $93.96 and a one year high of $141.68. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average of $137.14 and a 200 day moving average of $127.48. The stock has a market capitalization of $1,038.72 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 2.37 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the prior year, the firm earned $1.13 earnings per share. Microsoft’s revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Microsoft Co. will post 5.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 annualized dividend and a yield of 1.32%. Microsoft’s dividend payout ratio is currently 38.74%.

Microsoft Profile

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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