Pensioenfonds Rail & OV Has $43.46 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Pensioenfonds Rail & OV cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 36.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,305 shares of the software giant’s stock after selling 57,998 shares during the quarter. Microsoft accounts for 3.2% of Pensioenfonds Rail & OV’s portfolio, making the stock its 5th biggest holding. Pensioenfonds Rail & OV’s holdings in Microsoft were worth $43,462,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. lifted its position in Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after purchasing an additional 452 shares during the period. Gunderson Capital Management Inc. lifted its holdings in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after acquiring an additional 185 shares during the period. Rappaport Reiches Capital Management LLC boosted its position in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after acquiring an additional 1,067 shares in the last quarter. Bayesian Capital Management LP increased its stake in Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after acquiring an additional 18,200 shares during the period. Finally, RNC Capital Management LLC raised its position in Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MSFT shares. Piper Sandler reiterated an “overweight” rating and issued a $465.00 price objective (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Macquarie upped their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, May 24th. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Takeshi Numoto sold 244 shares of the business’s 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 directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,566 shares of company stock worth $10,877,535. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 2.2 %

Shares of NASDAQ MSFT opened at $456.73 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $457.37. The company’s fifty day moving average is $424.11 and its 200-day moving average is $410.15. The stock has a market cap of $3.39 trillion, a price-to-earnings ratio of 39.54, a P/E/G ratio of 2.36 and a beta of 0.89.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. Microsoft’s payout ratio is 25.97%.

Microsoft Company 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.