Davis Rea LTD. decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,295 shares of the software giant’s stock after selling 540 shares during the period. Microsoft Corporation comprises about 1.0% of Davis Rea LTD.’s investment portfolio, making the stock its 28th largest position. Davis Rea LTD.’s holdings in Microsoft Corporation were worth $1,468,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of MSFT. Viking Global Investors LP increased its position in shares of Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock worth $1,363,976,000 after buying an additional 8,282,782 shares during the period. GLG LLC increased its position in shares of Microsoft Corporation by 11.9% in the fourth quarter. GLG LLC now owns 434,269 shares of the software giant’s stock worth $26,985,000 after buying an additional 46,153 shares during the period. Avenir Corp increased its position in shares of Microsoft Corporation by 0.6% in the fourth quarter. Avenir Corp now owns 1,111,155 shares of the software giant’s stock worth $69,047,000 after buying an additional 6,563 shares during the period. Soros Fund Management LLC purchased a new position in shares of Microsoft Corporation during the fourth quarter worth approximately $249,000. Finally, Caxton Associates LP increased its position in shares of Microsoft Corporation by 12.9% in the fourth quarter. Caxton Associates LP now owns 659,050 shares of the software giant’s stock worth $40,953,000 after buying an additional 75,050 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.27% during trading on Tuesday, hitting $72.63. 2,091,224 shares of the stock were exchanged. The stock has a 50-day moving average of $72.63 and a 200 day moving average of $68.58. The stock has a market cap of $559.41 billion, a P/E ratio of 26.80 and a beta of 1.01. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42.

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 Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Equities analysts predict that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.

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A number of research firms have recently issued reports on MSFT. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $90.00 target price on shares of Microsoft Corporation in a research note on Sunday. Evercore ISI reaffirmed a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Friday, August 18th. Finally, Credit Suisse Group set a $84.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $76.54.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were 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. 2.99% of the stock is currently owned by company insiders.

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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