Fri Sep 20 08:39:09 UTC 2024: ## Capital Investment Services Cuts Microsoft Stake, Other Investors Adjust Holdings

**New York, NY** – Capital Investment Services of America Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 2.8% in the second quarter, according to a recent SEC filing. The institutional investor now owns 119,018 shares of the software giant’s stock, valued at $53,195,000. Microsoft remains the second-largest position in Capital Investment Services’ portfolio, representing 5.1% of its total holdings.

Other hedge funds and institutional investors also made changes to their positions in Microsoft during the quarter. Brendel Financial Advisors LLC established a new position in Microsoft, while MCF Advisors LLC and Legacy Financial Strategies LLC increased their holdings. Prism Advisors Inc. and Greenwich Wealth Management LLC also boosted their stakes in the company.

**Insiders Sell Shares**

Microsoft’s CEO, Satya Nadella, sold 14,398 shares of the company’s stock on August 23rd, for a total transaction of $6,009,869.18. CFO Amy Hood also sold 38,000 shares on September 5th, for a total transaction of $15,600,900.00. These sales were disclosed in SEC filings. In total, insiders have sold 190,629 shares of Microsoft stock worth $77,916,485 over the last 90 days.

**Company Performance**

Microsoft reported strong earnings in the second quarter, exceeding analysts’ expectations. The software giant posted earnings per share of $2.95, surpassing the consensus estimate of $2.90 by $0.05. Revenue for the quarter reached $64.73 billion, compared to analyst estimates of $64.38 billion.

The company also declared a quarterly dividend of $0.83 per share, payable on December 12th, a positive change from the previous dividend of $0.75.

**Market Performance**

Microsoft’s stock opened at $438.69 on Friday. The company’s market capitalization currently stands at $3.26 trillion.

**Disclaimer:** This article is for informational purposes only and does not constitute financial advice.

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