P.R. Herzig & Co. Inc. Sells 900 Shares of Microsoft Corporation (NASDAQ:MSFT)

P.R. Herzig & Co. Inc. lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,685 shares of the software giant’s stock after selling 900 shares during the period. Microsoft Corporation comprises approximately 5.3% of P.R. Herzig & Co. Inc.’s portfolio, making the stock its largest position. P.R. Herzig & Co. Inc.’s holdings in Microsoft Corporation were worth $2,735,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. 3G Capital Partners LP increased its position in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock valued at $99,955,000 after buying an additional 106,728 shares in the last quarter. Wealthfront Inc. boosted its stake in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after buying an additional 31,364 shares during the last quarter. AMF Pensionsforsakring AB boosted its stake in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock valued at $408,862,000 after buying an additional 606,188 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares during the last quarter. Finally, Dodge & Cox purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at approximately $2,658,504,000. Institutional investors and hedge funds own 72.87% of the company’s stock.

Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.52% on Monday, hitting $72.66. 3,691,709 shares of the stock were exchanged. The company has a 50-day moving average price of $71.08 and a 200-day moving average price of $67.29. The firm has a market capitalization of $560.06 billion, a PE ratio of 26.81 and a beta of 1.00. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 EPS. Equities research analysts expect that Microsoft Corporation will post $3.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.

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Several equities research analysts recently commented on the company. Jefferies Group LLC set a $49.00 target price on Microsoft Corporation and gave the stock a “sell” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. set a $80.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, Atlantic Securities set a $72.00 target price on Microsoft Corporation and gave the stock a “neutral” rating in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $75.94.

In related news, insider Jean Philippe Courtois sold 26,694 shares of Microsoft Corporation stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $69.00, for a total transaction of $1,841,886.00. Following the completion of the sale, the insider now owns 607,688 shares of the company’s stock, valued at approximately $41,930,472. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total transaction of $173,500,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,087,549 shares of company stock valued at $833,873,794 in the last ninety days. 2.99% of the stock is currently owned by insiders.

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.