Verity Asset Management Inc. lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 24.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,962 shares of the software giant’s stock after selling 1,624 shares during the quarter. Verity Asset Management Inc.’s holdings in Microsoft were worth $665,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MSFT. LFA Lugano Financial Advisors SA grew its stake in Microsoft by 274.5% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Quantamental Technologies LLC bought a new position in Microsoft during the 4th quarter worth approximately $26,000. Price Wealth Management Inc. lifted its holdings in Microsoft by 27.7% during the 2nd quarter. Price Wealth Management Inc. now owns 746 shares of the software giant’s stock worth $100,000 after buying an additional 162 shares during the last quarter. Asset Planning Services Ltd. bought a new position in Microsoft during the 2nd quarter worth approximately $116,000. Finally, Titan Capital Management LLC CA bought a new position in Microsoft during the 2nd quarter worth approximately $141,000. Institutional investors and hedge funds own 72.16% of the company’s stock.

In other news, insider Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction on Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now directly owns 64,152 shares in the company, valued at approximately $9,048,639.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 99,837 shares of Microsoft stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total value of $13,697,636.40. Following the transaction, the chief executive officer now owns 1,124,339 shares in the company, valued at $154,259,310.80. The disclosure for this sale can be found here. Insiders have sold a total of 318,757 shares of company stock worth $43,735,918 in the last ninety days. 1.38% of the stock is owned by company insiders.

A number of research analysts have commented on the company. Oppenheimer increased their target price on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. DZ Bank reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, July 19th. Mizuho set a $152.00 target price on Microsoft and gave the stock a “buy” rating in a report on Friday, September 6th. CIBC raised their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Raymond James raised their price target on Microsoft from $160.00 to $163.00 and gave the stock a “strong-buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $149.21.

Microsoft stock traded down $0.87 during mid-day trading on Monday, hitting $136.45. 390,668 shares of the company’s stock traded hands, compared to its average volume of 21,901,156. The firm has a 50 day moving average price of $137.19 and a 200 day moving average price of $128.64. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The company has a market cap of $1,050.02 billion, a PE ratio of 28.70, a price-to-earnings-growth ratio of 2.39 and a beta of 1.22. Microsoft Co. has a one year low of $93.96 and a one year high of $141.68.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. The firm had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. On average, analysts expect that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

Further Reading: Outstanding Shares and The Effect on Share Price

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.