Microsoft Corporation (MSFT) Position Cut by Lincoln Capital Corp

Lincoln Capital Corp reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,486 shares of the software giant’s stock after selling 18,336 shares during the period. Microsoft Corporation makes up about 5.5% of Lincoln Capital Corp’s investment portfolio, making the stock its 2nd largest position. Lincoln Capital Corp’s holdings in Microsoft Corporation were worth $6,237,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Appropriate Balance Financial Services Inc. increased its stake in Microsoft Corporation by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares in the last quarter. Hefty Wealth Partners increased its stake in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. increased its stake in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation in the 1st quarter worth about $132,000. Finally, Opera Trading Capital increased its stake in Microsoft Corporation by 1,522.0% in the 2nd 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 in the last quarter. 73.40% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on MSFT. Stifel Nicolaus reaffirmed a “buy” rating on shares of Microsoft Corporation in a research note on Thursday. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, September 18th. Vetr cut Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price on the stock. in a research note on Tuesday, September 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $76.00 target price on shares of Microsoft Corporation in a research note on Friday, September 15th. Finally, ValuEngine cut Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $77.44.

In other news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at $39,776,406. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by company insiders.

Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.93% during midday trading on Thursday, hitting $77.13. The company’s stock had a trading volume of 9,336,520 shares. The company has a 50-day moving average price of $74.41 and a 200 day moving average price of $70.93. Microsoft Corporation has a 1-year low of $56.31 and a 1-year high of $77.29. The company has a market cap of $594.07 billion, a P/E ratio of 28.46 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the prior year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Microsoft Corporation will post $3.20 EPS for the current year.

The company 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 dividend of $0.42 per share. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is 57.78%.

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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.

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

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