Huntington National Bank increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,222,969 shares of the software giant’s stock after purchasing an additional 7,048 shares during the quarter. Microsoft Corporation makes up approximately 1.5% of Huntington National Bank’s portfolio, making the stock its 8th biggest holding. Huntington National Bank’s holdings in Microsoft Corporation were worth $84,300,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MSFT. Hefty Wealth Partners grew 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 valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. grew 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 valued at $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation in the 1st quarter valued at approximately $132,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft Corporation in the 4th quarter valued at approximately $161,000. Finally, Opera Trading Capital grew 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 valued at $168,000 after buying an additional 2,283 shares in the last quarter. 73.47% of the stock is currently owned by institutional investors.
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A number of research firms recently weighed in on MSFT. Canaccord Genuity reiterated a “hold” rating and issued a $76.00 price objective on shares of Microsoft Corporation in a research note on Friday. Vetr lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price objective for the company. in a research note on Tuesday, September 12th. KeyCorp reiterated a “buy” rating and issued a $82.00 price objective on shares of Microsoft Corporation in a research note on Sunday, September 10th. Royal Bank Of Canada reiterated a “buy” rating on shares of Microsoft Corporation in a research note on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and an average target price of $76.72.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were 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 owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by insiders.
Shares of Microsoft Corporation (MSFT) traded up 0.72% during midday trading on Friday, reaching $75.31. 38,578,441 shares of the company traded hands. The company has a 50 day moving average price of $73.27 and a 200 day moving average price of $69.57. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $75.49. The company has a market capitalization of $580.06 billion, a PE ratio of 27.79 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. On average, analysts expect that Microsoft Corporation will post $3.14 earnings per share for the current year.
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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