P.R. Herzig & Co. Inc. cut its position in Microsoft Corporation (NASDAQ:MSFT) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,685 shares of the software giant’s stock after selling 900 shares during the period. Microsoft Corporation accounts for about 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.
A number of other hedge funds have also made changes to their positions in MSFT. Hudson Valley Investment Advisors Inc. ADV increased its position in Microsoft Corporation by 0.3% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 145,395 shares of the software giant’s stock worth $10,022,000 after buying an additional 386 shares during the period. Canal Capital Management LLC increased its position in Microsoft Corporation by 7.5% in the second quarter. Canal Capital Management LLC now owns 5,363 shares of the software giant’s stock worth $370,000 after buying an additional 372 shares during the period. TNB Financial increased its position in Microsoft Corporation by 35.4% in the second quarter. TNB Financial now owns 207,732 shares of the software giant’s stock worth $14,319,000 after buying an additional 54,310 shares during the period. Advisors Capital Management LLC purchased a new position in Microsoft Corporation during the second quarter worth about $253,000. Finally, V Wealth Management LLC increased its position in Microsoft Corporation by 1.8% in the second quarter. V Wealth Management LLC now owns 16,476 shares of the software giant’s stock worth $1,137,000 after buying an additional 298 shares during the period. 72.86% of the stock is owned by institutional investors.
Microsoft Corporation (NASDAQ:MSFT) traded down 1.46% on Thursday, reaching $71.41. The company had a trading volume of 24,734,142 shares. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The stock’s 50 day moving average is $71.61 and its 200-day moving average is $67.86. The stock has a market capitalization of $550.02 billion, a P/E ratio of 26.35 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, equities analysts predict that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.18%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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A number of equities analysts have issued reports on MSFT shares. Sanford C. Bernstein reiterated a “buy” rating and issued a $81.00 price objective on shares of Microsoft Corporation in a report on Friday, April 28th. Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a report on Friday, April 28th. Pacific Crest restated a “buy” rating and set a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Goldman Sachs Group, Inc. (The) raised their price target on Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, Morgan Stanley restated a “buy” rating and set a $72.00 price target on shares of Microsoft Corporation in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $76.15.
In related news, EVP Christopher C. Capossela sold 3,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the transaction, the executive vice president now owns 216,507 shares in the company, valued at $14,962,798.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,060,855 shares of company stock worth $512,251,908. Company insiders own 2.99% of the company’s stock.
About Microsoft Corporation
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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