Tower Research Capital LLC TRC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 97.8% during the first quarter, Holdings Channel reports. The fund owned 4,137 shares of the software giant’s stock after selling 183,206 shares during the period. Tower Research Capital LLC TRC’s holdings in Microsoft Corporation were worth $272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Cambridge Trust Co. increased its stake in Microsoft Corporation by 1.5% in the first quarter. Cambridge Trust Co. now owns 572,289 shares of the software giant’s stock worth $37,690,000 after buying an additional 8,639 shares during the period. Sanders Capital LLC increased its stake in Microsoft Corporation by 1.8% in the first quarter. Sanders Capital LLC now owns 11,856,396 shares of the software giant’s stock worth $803,298,000 after buying an additional 211,000 shares during the period. Financial Advisors Network Inc. increased its stake in Microsoft Corporation by 9.9% in the first quarter. Financial Advisors Network Inc. now owns 9,646 shares of the software giant’s stock worth $659,000 after buying an additional 870 shares during the period. Brighton Jones LLC increased its stake in Microsoft Corporation by 499.4% in the first quarter. Brighton Jones LLC now owns 190,523 shares of the software giant’s stock worth $12,548,000 after buying an additional 158,736 shares during the period. Finally, Aristotle Capital Management LLC increased its stake in Microsoft Corporation by 3.7% in the first quarter. Aristotle Capital Management LLC now owns 5,239,836 shares of the software giant’s stock worth $345,096,000 after buying an additional 186,307 shares during the period. 72.64% of the stock is owned by hedge funds and other institutional investors.

Microsoft Corporation (NASDAQ:MSFT) traded up 0.56% during trading on Wednesday, reaching $73.63. 4,719,576 shares of the company traded hands. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The company’s 50-day moving average is $71.85 and its 200 day moving average is $68.13. The company has a market cap of $567.12 billion, a PE ratio of 27.17 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Microsoft Corporation will post $3.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.13%. Microsoft Corporation’s dividend payout ratio is presently 57.78%.

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MSFT has been the topic of a number of recent analyst reports. Pacific Crest restated a “buy” rating and set a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target on the stock. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and set a $77.00 price target on shares of Microsoft Corporation in a research report on Monday, May 29th. Two equities 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’s stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $76.15.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation 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 directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of Microsoft Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Insiders sold 7,057,855 shares of company stock valued at $512,044,578 over the last three months. 2.99% of the stock is owned by company insiders.

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.

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

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