As Satya Nadella puts his stamp on Microsoft Corporation (NASDAQ:MSFT), he’s coming to grips with the tug of war over strategy and the clash of personalities that marked Steve Ballmer’s final years at the helm. Nadella, who succeeded Ballmer one month ago, took a step this week by unraveling part of a restructuring his predecessor put in place in one of his last acts as chief executive officer. Nadella appointed onetime Democratic political operative Mark Penn to the just-invented post of strategy chief and shuffled other executives to resolve an unwieldy setup Ballmer had established in the marketing department. Microsoft Corporation (NASDAQ:MSFT) stock opened at $38.20 in last trading session, and closed at $38.41, trading in the range of $38.07 – $38.48. The stock showed a positive weekly performance of 2.32%.
TIBCO Software Inc. (NASDAQ: TIBX) today announced that it will release financial results for its first fiscal quarter on Thursday, March 20. TIBCO’s first quarter ended on Sunday, March 2, 2014. Tibco Software Inc. (NASDAQ:TIBX) shares closed at $22.27 on last trade day, by gaining 2.53%. Stock 52 week range is $18.18 – $27.15. Company’s market capitalization is $3.62 billion.
Automatic Data Processing (NASDAQ:ADP) is reporting for the quarter ending December 31, 2013. The outsourcing company’s consensus earnings per share forecast from the 17 analysts that follow the stock is $0.77. This value represents a 6.94% increase compared to the same quarter last year. ADP missed the consensus earnings per share in the 2nd calendar quarter of 2013 by -1.75%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ADP is 23.37 vs. an industry ratio of 14.20, implying that they will have a higher earnings growth than their competitors in the same industry. Automatic Data Processing (NASDAQ:ADP) stock advanced 2.32% and finished the last session at $78.45. The EPS of the stock remained 2.92. Company’s market capitalization is $37.80 billion.
Qlik Technologies (NASDAQ:QLIK) VP Anthony Deighton sold 30,000 shares of the stock on the open market in a transaction dated Friday, February 28th. The stock was sold at an average price of $30.57, for a total value of $917,100.00. Following the sale, the vice president now directly owns 2,263 shares of the company’s stock, valued at approximately $69,180. Qlik Technologies Inc (NASDAQ:QLIK) stock opened at $30.14 in last trading session and closed at $30.70. The 52 week range of the stock is $23.23 – $37.56 and the day range was $30.07 – $31.15.