Ahrens Investment Partners LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 7.7% in the second quarter, HoldingsChannel.com reports. The fund owned 8,185 shares of the software giant’s stock after selling 682 shares during the period. Ahrens Investment Partners LLC’s holdings in Microsoft were worth $807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. increased its position in shares of Microsoft by 34.1% in the 1st quarter. Canandaigua National Bank & Trust Co. now owns 155,171 shares of the software giant’s stock valued at $14,162,000 after purchasing an additional 39,427 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Microsoft by 43.7% in the 1st quarter. Federated Investors Inc. PA now owns 1,693,872 shares of the software giant’s stock valued at $154,600,000 after purchasing an additional 515,406 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Microsoft by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 45,856 shares of the software giant’s stock valued at $4,182,000 after purchasing an additional 1,289 shares during the last quarter. USS Investment Management Ltd increased its position in shares of Microsoft by 95.1% in the 1st quarter. USS Investment Management Ltd now owns 2,967,856 shares of the software giant’s stock valued at $277,509,000 after purchasing an additional 1,446,856 shares during the last quarter. Finally, Waldron LP increased its position in shares of Microsoft by 4.3% in the 1st quarter. Waldron LP now owns 31,312 shares of the software giant’s stock valued at $2,857,000 after purchasing an additional 1,295 shares during the last quarter. 71.90% of the stock is owned by hedge funds and other institutional investors.

In other news, CMO Christopher C. Capossela sold 23,337 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the sale, the chief marketing officer now owns 190,570 shares in the company, valued at approximately $20,814,055.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $107.70, for a total transaction of $2,154,000.00. Following the completion of the sale, the insider now owns 66,676 shares of the company’s stock, valued at approximately $7,181,005.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 299,255 shares of company stock valued at $32,229,279. 1.49% of the stock is owned by company insiders.

Several research analysts have recently issued reports on the stock. Wells Fargo & Co restated a “buy” rating and issued a $130.00 target price on shares of Microsoft in a report on Thursday, September 27th. Credit Suisse Group restated a “buy” rating and issued a $125.00 target price on shares of Microsoft in a report on Monday, October 29th. Oppenheimer restated a “buy” rating and issued a $127.00 target price on shares of Microsoft in a report on Monday, October 29th. restated a “buy” rating and issued a $127.00 target price on shares of Microsoft in a report on Tuesday, October 23rd. Finally, Barclays restated a “buy” rating and issued a $121.00 target price on shares of Microsoft in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $121.88.

Shares of NASDAQ:MSFT opened at $104.82 on Friday. The firm has a market cap of $835.58 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. Microsoft Co. has a 1-year low of $83.33 and a 1-year high of $116.18.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.18. The firm had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. Microsoft’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. As a group, research analysts expect that Microsoft Co. will post 4.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, February 20th. Microsoft’s dividend payout ratio is currently 47.42%.

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Microsoft Profile

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 for businesses, 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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