Duff & Phelps Investment Management Co. lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,790 shares of the software giant’s stock after selling 6,360 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Microsoft Corporation were worth $6,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. OLD Dominion Capital Management Inc. lifted its holdings in shares of Microsoft Corporation by 4.2% during the 2nd quarter. OLD Dominion Capital Management Inc. now owns 8,224 shares of the software giant’s stock valued at $567,000 after purchasing an additional 332 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Microsoft Corporation by 6.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 86,785 shares of the software giant’s stock valued at $5,982,000 after acquiring an additional 5,249 shares during the period. National Planning Corp increased its position in shares of Microsoft Corporation by 5.2% in the 2nd quarter. National Planning Corp now owns 74,024 shares of the software giant’s stock valued at $5,046,000 after acquiring an additional 3,669 shares during the period. Boston Partners increased its position in shares of Microsoft Corporation by 6.3% in the 2nd quarter. Boston Partners now owns 12,308,564 shares of the software giant’s stock valued at $848,429,000 after acquiring an additional 729,333 shares during the period. Finally, Bank of The Ozarks increased its position in shares of Microsoft Corporation by 2.4% in the 2nd quarter. Bank of The Ozarks now owns 46,242 shares of the software giant’s stock valued at $3,188,000 after acquiring an additional 1,088 shares during the period. Hedge funds and other institutional investors own 73.14% of the company’s stock.

Microsoft Corporation (MSFT) opened at $83.26 on Friday. The firm has a market cap of $641,159.63, a PE ratio of 24.59, a P/E/G ratio of 1.94 and a beta of 1.01. Microsoft Corporation has a 12 month low of $58.80 and a 12 month high of $86.20. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. Microsoft Corporation’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. equities analysts anticipate that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.

The business also recently declared 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 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 2.02%. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.14%.

In related news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold a total of 108,763 shares of company stock worth $8,242,232 over the last ninety days. 1.49% of the stock is currently owned by corporate insiders.

Several research firms recently issued reports on MSFT. Sanford C. Bernstein reissued a “buy” rating and issued a $100.00 target price on shares of Microsoft Corporation in a research report on Wednesday, November 15th. Goldman Sachs Group Inc set a $92.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday, November 16th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a research report on Monday, November 13th. Zacks Investment Research downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, UBS AG set a $105.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. Microsoft Corporation has a consensus rating of “Buy” and a consensus price target of $84.21.

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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.

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

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