Nicolet Bankshares Inc. raised its position in Microsoft Co. (NASDAQ:MSFT) by 35.2% in the second quarter, Holdings Channel reports. The institutional investor owned 28,071 shares of the software giant’s stock after purchasing an additional 7,302 shares during the period. Microsoft comprises approximately 1.2% of Nicolet Bankshares Inc.’s holdings, making the stock its 16th largest position. Nicolet Bankshares Inc.’s holdings in Microsoft were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Chatham Capital Group Inc. grew its holdings in Microsoft by 9.3% during the second quarter. Chatham Capital Group Inc. now owns 5,689 shares of the software giant’s stock worth $561,000 after acquiring an additional 482 shares during the period. Community Bank of Raymore grew its holdings in Microsoft by 21.4% during the second quarter. Community Bank of Raymore now owns 2,812 shares of the software giant’s stock worth $277,000 after acquiring an additional 495 shares during the period. Narwhal Capital Management grew its holdings in Microsoft by 0.4% during the second quarter. Narwhal Capital Management now owns 121,380 shares of the software giant’s stock worth $11,969,000 after acquiring an additional 495 shares during the period. Adirondack Trust Co. grew its holdings in Microsoft by 1.8% during the second quarter. Adirondack Trust Co. now owns 27,321 shares of the software giant’s stock worth $2,694,000 after acquiring an additional 495 shares during the period. Finally, Trust Department MB Financial Bank N A grew its holdings in Microsoft by 1.9% during the second quarter. Trust Department MB Financial Bank N A now owns 26,621 shares of the software giant’s stock worth $2,625,000 after acquiring an additional 500 shares during the period. Institutional investors own 72.12% of the company’s stock.

In related news, CEO Satya Nadella sold 203,418 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the transaction, the chief executive officer now directly owns 1,014,247 shares in the company, valued at $108,199,869.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total value of $4,452,400.00. Following the transaction, the executive vice president now owns 339,972 shares in the company, valued at $37,842,283.32. The disclosure for this sale can be found here. Insiders have sold 479,080 shares of company stock worth $52,100,893 over the last quarter. 1.38% of the stock is currently owned by company insiders.

MSFT has been the topic of several research reports. Credit Suisse Group set a $125.00 target price on Microsoft and gave the company a “buy” rating in a report on Wednesday, September 19th. Oppenheimer set a $127.00 target price on Microsoft and gave the company a “buy” rating in a report on Monday. DZ Bank reissued a “buy” rating on shares of Microsoft in a report on Thursday, October 18th. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $121.00 target price on the stock in a report on Tuesday, July 24th. Finally, Macquarie reissued a “buy” rating and issued a $125.00 target price on shares of Microsoft in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and an average price target of $121.88.

Shares of NASDAQ:MSFT opened at $104.62 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88. Microsoft Co. has a 52-week low of $80.70 and a 52-week high of $116.18. The firm has a market capitalization of $833.81 billion, a PE ratio of 26.96, a P/E/G ratio of 1.97 and a beta of 1.26.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.92 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 4.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 1.76%. Microsoft’s dividend payout ratio is 47.42%.

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Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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