Keystone Financial Planning Inc. reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,965 shares of the software giant’s stock after selling 1,264 shares during the period. Keystone Financial Planning Inc.’s holdings in Microsoft were worth $2,272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Hefty Wealth Partners increased its position in Microsoft by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the last quarter. Ullmann Financial Group Inc. acquired a new stake in Microsoft during the first quarter worth about $132,000. Opera Trading Capital increased its position in Microsoft by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the last quarter. Baystate Wealth Management LLC increased its position in Microsoft by 3.6% during the second quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after purchasing an additional 374 shares during the last quarter. Finally, Ruggie Capital Group increased its position in Microsoft by 1,165.9% during the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after purchasing an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

A number of equities research analysts have weighed in on the stock. UBS AG set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research report on Tuesday, November 7th. Deutsche Bank AG reiterated a “buy” rating and set a $100.00 price target on shares of Microsoft in a research report on Friday, November 3rd. Vetr upgraded shares of Microsoft from a “sell” rating to a “hold” rating and set a $82.07 price target for the company in a research report on Tuesday, October 31st. Finally, Argus upgraded shares of Microsoft from a “hold” rating to a “buy” rating and lifted their price target for the company from $57.28 to $95.00 in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $84.21.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,763 shares of company stock worth $8,242,232. 1.49% of the stock is owned by corporate insiders.

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $83.26 on Monday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 1-year low of $58.80 and a 1-year high of $86.20. The firm has a market cap of $642,316.75, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. sell-side analysts expect that Microsoft Corporation will post 3.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.02%. This is a boost from Microsoft’s previous quarterly dividend of $0.39. Microsoft’s dividend payout ratio (DPR) is presently 57.14%.

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Microsoft 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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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