Franklin Street Advisors Inc. NC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 272,537 shares of the software giant’s stock after purchasing an additional 9,026 shares during the quarter. Microsoft Corporation accounts for 3.2% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 3rd largest position. Franklin Street Advisors Inc. NC’s holdings in Microsoft Corporation were worth $18,786,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vista Capital Partners Inc. boosted its stake in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock worth $620,000 after buying an additional 36 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Microsoft Corporation by 101.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 251,147 shares of the software giant’s stock worth $16,540,000 after buying an additional 126,420 shares during the last quarter. Forte Capital LLC ADV boosted its stake in shares of Microsoft Corporation by 26.5% in the first quarter. Forte Capital LLC ADV now owns 13,663 shares of the software giant’s stock worth $900,000 after buying an additional 2,860 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Microsoft Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 2,303,295 shares of the software giant’s stock worth $151,695,000 after buying an additional 34,625 shares during the last quarter. Finally, Augustine Asset Management Inc. boosted its stake in shares of Microsoft Corporation by 0.6% in the first quarter. Augustine Asset Management Inc. now owns 141,445 shares of the software giant’s stock worth $9,315,000 after buying an additional 844 shares during the last quarter. Institutional investors and hedge funds own 73.40% of the company’s stock.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.

In other news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was 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. Over the last 90 days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. Insiders own 2.99% of the company’s stock.

MSFT has been the topic of a number of recent research reports. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research note on Sunday, July 9th. Finally, Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $77.44.

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

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