Microsoft Corporation (MSFT) is Excalibur Management Corp’s 10th Largest Position
Excalibur Management Corp trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,997 shares of the software giant’s stock after selling 3,456 shares during the period. Microsoft Corporation accounts for approximately 3.5% of Excalibur Management Corp’s holdings, making the stock its 10th largest holding. Excalibur Management Corp’s holdings in Microsoft Corporation were worth $3,929,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Hefty Wealth Partners boosted its stake in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. boosted its stake in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation in the 1st quarter worth about $132,000. Opera Trading Capital boosted its stake in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after buying an additional 2,283 shares during the last quarter. Finally, Brouwer & Janachowski LLC acquired a new stake in Microsoft Corporation in the 2nd quarter worth about $203,000. 73.40% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, September 18th. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research note on Monday, September 18th. Vetr lowered Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target on the stock. in a research note on Tuesday, September 12th. Canaccord Genuity reissued a “hold” rating and issued a $76.00 price target on shares of Microsoft Corporation in a research note on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. set a $80.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday. Two 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 stock has a consensus rating of “Buy” and an average target price of $76.72.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $0.69 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.26%. Microsoft Corporation’s dividend payout ratio is 57.78%.
In related news, CFO Amy Hood sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the 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 sale, the insider now owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by corporate 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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