Independent Financial Group Doubles Down on Microsoft

Independent Financial Group LLC has purchased a new position in Microsoft Corporation (NASDAQ:MSFT) stock, acquiring 99,608 shares valued at approximately $36,872,000. This represents about 1.1% of Independent Financial Group's portfolio and makes it the company's 9th largest holding.

In addition to this purchase, several other institutional investors have also bought Microsoft shares in recent quarters. Markel Group Inc. increased its stake by 0.4%, while Werba Rubin Papier Wealth Management boosted its position by 15.7%.

Microsoft's quarterly earnings report exceeded analyst estimates, with revenue of $90.01 billion and adjusted EPS of $4.74. The company's cloud growth has been a significant contributor to its success, with Azure sales surpassing $100 billion for the first time.