USA Financial Portformulas Corp cut its holdings in Microsoft Corporation (NASDAQ:MSFT) by 16.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,534 shares of the software giant’s stock after selling 28,795 shares during the period. Microsoft comprises 2.4% of USA Financial Portformulas Corp’s holdings, making the stock its largest holding. USA Financial Portformulas Corp’s holdings in Microsoft were worth $9,825,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Appropriate Balance Financial Services Inc. boosted its stake in shares of Microsoft by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Hefty Wealth Partners boosted its stake in shares of Microsoft by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of Microsoft during the 1st quarter worth about $132,000. Finally, Stelac Advisory Services LLC boosted its stake in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.
In other news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,000 shares of company stock valued at $3,759,420. Company insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts expect that Microsoft Corporation will post 3.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.93%. Microsoft’s dividend payout ratio is currently 56.76%.
A number of research firms recently commented on MSFT. Argus raised shares of Microsoft from a “hold” rating to a “buy” rating and lifted their price target for the stock from $57.28 to $95.00 in a research note on Tuesday, October 31st. Goldman Sachs Group set a $92.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, October 27th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft in a research note on Thursday, August 31st. Vetr cut shares of Microsoft from a “hold” rating to a “sell” rating and set a $78.90 price target for the company. in a research note on Monday, October 30th. Finally, Barclays reaffirmed an “overweight” rating and set a $89.00 price target (up from $82.00) on shares of Microsoft in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $85.28.
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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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