D. Scott Neal Inc. reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,724 shares of the software giant’s stock after selling 141 shares during the period. D. Scott Neal Inc.’s holdings in Microsoft Corporation were worth $119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Hefty Wealth Partners raised its stake in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. raised its stake in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation in the first quarter valued at $132,000. Arcus Capital Partners LLC acquired a new stake in Microsoft Corporation in the first quarter valued at $205,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new stake in Microsoft Corporation in the first quarter valued at $209,000. Institutional investors and hedge funds own 73.37% of the company’s stock.

A number of analysts have weighed in on MSFT shares. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target 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 price target on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price target 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 investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $77.66.

Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.01% during mid-day trading on Thursday, hitting $77.62. 4,047,142 shares of the stock traded hands. The company has a market cap of $597.85 billion, a price-to-earnings ratio of 28.64 and a beta of 1.01. The stock has a 50-day moving average of $75.08 and a 200-day moving average of $71.36. Microsoft Corporation has a 52 week low of $56.66 and a 52 week high of $77.87.

Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period last year, the business posted $0.69 EPS. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post $3.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.16%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.

In related news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock worth $515,879,974 over the last quarter. 2.99% of the stock is currently owned by company insiders.

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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.

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

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