Microsoft Co. (NASDAQ:MSFT) Shares Sold by Pensionfund Sabic

Pensionfund Sabic lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,890 shares of the software giant’s stock after selling 1,500 shares during the period. Microsoft comprises 4.6% of Pensionfund Sabic’s portfolio, making the stock its largest holding. Pensionfund Sabic’s holdings in Microsoft were worth $15,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Microsoft by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 57,483 shares of the software giant’s stock valued at $24,184,000 after purchasing an additional 9,978 shares during the period. Compass Wealth Management LLC grew its position in Microsoft by 4.1% in the first quarter. Compass Wealth Management LLC now owns 12,194 shares of the software giant’s stock valued at $5,130,000 after acquiring an additional 475 shares during the period. NBC Securities Inc. raised its stake in Microsoft by 0.5% during the first quarter. NBC Securities Inc. now owns 82,250 shares of the software giant’s stock worth $34,614,000 after acquiring an additional 418 shares in the last quarter. Norman Fields Gottscho Capital Management LLC lifted its holdings in shares of Microsoft by 9.2% during the first quarter. Norman Fields Gottscho Capital Management LLC now owns 3,494 shares of the software giant’s stock valued at $1,470,000 after acquiring an additional 294 shares during the period. Finally, Madison Park Capital Advisors LLC boosted its stake in shares of Microsoft by 0.6% in the 1st quarter. Madison Park Capital Advisors LLC now owns 14,215 shares of the software giant’s stock valued at $5,981,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $445.70 on Friday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $450.94. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.31 trillion, a PE ratio of 38.59, a PEG ratio of 2.36 and a beta of 0.89. The stock’s fifty day simple moving average is $419.41 and its 200 day simple moving average is $406.37.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter last year, the firm posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% compared to the same quarter last year. On average, research analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is 25.97%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MSFT shares. Wedbush reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Wednesday, May 22nd. Tigress Financial lifted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, May 24th. Finally, Evercore ISI increased their target price on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $465.83.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock worth $10,877,535 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.