Bank Hapoalim BM reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 8.6% during the first quarter, Holdings Channel reports. The firm owned 12,540 shares of the software giant’s stock after selling 1,181 shares during the period. Bank Hapoalim BM’s holdings in Microsoft Corporation were worth $826,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Massmutual Trust Co. FSB ADV acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $9,713,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $521,000. Highland Capital Management LP increased its position in shares of Microsoft Corporation by 9.0% in the fourth quarter. Highland Capital Management LP now owns 320,320 shares of the software giant’s stock valued at $19,905,000 after buying an additional 26,530 shares during the period. Empirical Finance LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $228,000. Finally, Glovista Investments LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $254,000. Institutional investors own 72.86% of the company’s stock.

Microsoft Corporation (NASDAQ MSFT) opened at 72.68 on Monday. The firm has a 50-day moving average price of $71.23 and a 200 day moving average price of $67.50. The firm has a market capitalization of $560.22 billion, a P/E ratio of 26.82 and a beta of 1.01. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share 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 firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts forecast that Microsoft Corporation will post $3.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.

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A number of equities research analysts have recently commented on MSFT shares. Zacks Investment Research cut shares of Microsoft Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research note on Wednesday, April 19th. Pacific Crest reaffirmed a “buy” rating and set a $70.00 price objective on shares of Microsoft Corporation in a research note on Thursday, April 20th. Morgan Stanley reaffirmed a “buy” rating and set a $72.00 price objective on shares of Microsoft Corporation in a research note on Thursday, April 20th. Finally, Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $69.32 price objective on the stock. in a research note on Monday, April 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $76.15.

In other news, insider Jean Philippe Courtois sold 26,165 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $69.00, for a total value of $1,805,385.00. Following the transaction, the insider now directly owns 570,843 shares in the company, valued at approximately $39,388,167. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,855 shares of company stock worth $4,331,908. Company insiders own 2.99% of the company’s stock.

About Microsoft Corporation

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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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