Investment Partners Ltd. OH ADV Has $1.92 Million Position in Microsoft Corporation (MSFT)
Investment Partners Ltd. OH ADV cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,074 shares of the software giant’s stock after selling 2,358 shares during the period. Microsoft Corporation comprises about 1.8% of Investment Partners Ltd. OH ADV’s portfolio, making the stock its 14th largest position. Investment Partners Ltd. OH ADV’s holdings in Microsoft Corporation were worth $1,915,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of MSFT. Asset Planning Services Ltd. increased its stake 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 during the last quarter. Pacific Center for Financial Services purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at $155,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at $161,000. Schneider Downs Wealth Management Advisors LP purchased a new stake in shares of Microsoft Corporation during the first quarter valued at $209,000. Finally, Cordasco Financial Network increased its stake in shares of Microsoft Corporation by 44.6% in the first quarter. Cordasco Financial Network now owns 3,326 shares of the software giant’s stock valued at $219,000 after buying an additional 1,026 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corporation (NASDAQ MSFT) traded down 1.210% on Friday, hitting $73.865. 6,131,699 shares of the stock were exchanged. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.96. The company has a market cap of $568.93 billion, a P/E ratio of 27.256 and a beta of 1.01. The company’s 50 day moving average price is $73.02 and its 200-day moving average price is $68.86.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter last year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts predict that Microsoft Corporation will post $3.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.09%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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Several analysts have recently weighed in on the stock. Sanford C. Bernstein set a $87.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Piper Jaffray Companies reiterated a “buy” rating and issued a $90.00 price objective on shares of Microsoft Corporation in a research note on Sunday, August 27th. Evercore ISI reiterated a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a research note on Friday, August 18th. Finally, Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. Microsoft Corporation presently has an average rating of “Buy” and an average price target of $76.51.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were 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 quarter, insiders have sold 7,108,526 shares of company stock worth $515,879,974. Corporate insiders own 2.99% of the company’s stock.
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.
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