Diversified Trust Co lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 71.4% during the second quarter, Holdings Channel reports. The institutional investor owned 13,173 shares of the software giant’s stock after selling 32,854 shares during the period. Diversified Trust Co’s holdings in Microsoft Corporation were worth $908,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. 3G Capital Partners LP raised its stake in Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock valued at $99,955,000 after buying an additional 106,728 shares in the last quarter. Tompkins Financial Corp raised its stake in Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares in the last quarter. Wealthfront Inc. raised its stake in Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after buying an additional 31,364 shares in the last quarter. AMF Pensionsforsakring AB raised its stake in Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock valued at $408,862,000 after buying an additional 606,188 shares in the last quarter. Finally, Dodge & Cox purchased a new stake in Microsoft Corporation during the fourth quarter valued at about $2,658,504,000. Institutional investors and hedge funds own 72.86% of the company’s stock.

Microsoft Corporation (NASDAQ:MSFT) traded down 0.87% during mid-day trading on Thursday, hitting $71.84. 8,273,287 shares of the stock traded hands. The stock has a market cap of $553.33 billion, a price-to-earnings ratio of 26.51 and a beta of 1.01. The company’s 50 day moving average price is $71.61 and its 200-day moving average price is $67.86. Microsoft Corporation has a 1-year low of $55.61 and a 1-year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 earnings per share. Analysts predict that Microsoft Corporation will post $3.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.

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

In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,165 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the transaction, the insider now directly owns 570,843 shares in the company, valued at approximately $39,388,167. The disclosure for this sale can be found here. In the last three months, insiders sold 7,060,855 shares of company stock worth $512,251,908. 2.99% of the stock is currently owned by insiders.

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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