Profit Investment Management LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 31,951 shares of the software giant’s stock after selling 1,459 shares during the period. Microsoft Corporation makes up approximately 2.0% of Profit Investment Management LLC’s holdings, making the stock its 13th largest position. Profit Investment Management LLC’s holdings in Microsoft Corporation were worth $2,202,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Northstar Group Inc. boosted its position in shares of Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after buying an additional 12 shares during the last quarter. Gierl Augustine Investment Management Inc boosted its position in shares of Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares during the last quarter. New Capital Management LP boosted its position in shares of Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after buying an additional 22 shares during the last quarter. Nottingham Advisors Inc. boosted its position in shares of Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares during the last quarter. Finally, Vista Capital Partners Inc. boosted its position 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 valued at $620,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.

Microsoft Corporation (MSFT) traded up 1.154% during mid-day trading on Wednesday, hitting $74.065. 7,739,364 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $71.85 and its 200-day moving average price is $68.13. The stock has a market cap of $570.47 billion, a PE ratio of 27.330 and a beta of 1.01. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. Equities analysts expect that Microsoft Corporation will post $3.22 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.

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Several equities analysts have recently weighed in on MSFT shares. Morgan Stanley restated an “overweight” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a report on Sunday, July 9th. Cowen and Company restated an “outperform” rating and issued a $80.00 price objective (up previously from $78.00) on shares of Microsoft Corporation in a report on Saturday, July 22nd. Pacific Crest restated a “buy” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Finally, William Blair restated an “outperform” rating on shares of Microsoft Corporation in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $76.15.

In other news, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the sale, the executive vice president now owns 214,080 shares in the company, valued at approximately $14,718,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,057,855 shares of company stock worth $512,044,578. Corporate insiders own 2.99% of the company’s stock.

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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