P.R. Herzig & Co. Inc. decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 2.2% during the second quarter, according to its most recent filing 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 makes up about 5.3% of P.R. Herzig & Co. Inc.’s investment portfolio, making the stock its largest position. P.R. Herzig & Co. Inc.’s holdings in Microsoft Corporation were worth $2,735,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Hefty Wealth Partners raised its position in shares of Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. raised its position in shares of Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the first quarter valued at $132,000. Pacific Center for Financial Services acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $155,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $161,000. Institutional investors own 72.64% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.4247% during midday trading on Friday, hitting $72.0925. 6,969,021 shares of the company traded hands. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The stock has a 50 day moving average of $72.05 and a 200-day moving average of $68.20. The stock has a market capitalization of $555.27 billion, a PE ratio of 26.6024 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last announced 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. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts forecast that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
Several brokerages recently weighed in on MSFT. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Credit Suisse Group set a $84.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) set a $88.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 target price for the company in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $76.15.
In related news, insider Jean Philippe Courtois sold 26,165 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total value of $1,805,385.00. Following the transaction, the insider now directly owns 570,843 shares in the company, valued at $39,388,167. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,057,855 shares of company stock worth $512,044,578. 2.99% of the stock is owned by company insiders.
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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