HT Partners LLC Has $331,000 Holdings in Microsoft Corporation (MSFT)
HT Partners LLC cut its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,805 shares of the software giant’s stock after selling 3 shares during the quarter. Microsoft Corporation makes up approximately 0.1% of HT Partners LLC’s investment portfolio, making the stock its 14th largest position. HT Partners LLC’s holdings in Microsoft Corporation were worth $331,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Hefty Wealth Partners raised its stake in shares of Microsoft Corporation 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 buying an additional 653 shares during the period. Asset Planning Services Ltd. raised its stake in shares of Microsoft Corporation by 93.0% during 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 period. Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the 1st quarter worth approximately $132,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Microsoft Corporation during the 4th quarter worth approximately $161,000. Finally, Arcus Capital Partners LLC acquired a new position in shares of Microsoft Corporation during the 1st quarter worth approximately $205,000. 73.47% of the stock is owned by institutional investors.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.
Several brokerages have recently weighed in on MSFT. Canaccord Genuity reaffirmed a “hold” rating and set a $76.00 target price on shares of Microsoft Corporation in a research note on Friday. Vetr downgraded Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a research note on Tuesday, September 12th. KeyCorp reaffirmed a “buy” rating and set a $82.00 target price on shares of Microsoft Corporation in a research note on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft Corporation in a research note on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.72.
Microsoft Corporation (MSFT) traded up 0.72% on Friday, hitting $75.31. The stock had a trading volume of 38,578,441 shares. Microsoft Corporation has a 12-month low of $56.32 and a 12-month high of $75.49. The company’s 50 day moving average is $73.27 and its 200 day moving average is $69.57. The firm has a market cap of $580.06 billion, a PE ratio of 27.79 and a beta of 1.00.
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 Thomson Reuters’ 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 business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Microsoft Corporation will post $3.14 EPS for the current fiscal year.
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Microsoft Corporation 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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