Mn Services Vermogensbeheer B.V. Sells 31,300 Shares of Microsoft Co. (NASDAQ:MSFT)

Mn Services Vermogensbeheer B.V. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,320,011 shares of the software giant’s stock after selling 31,300 shares during the quarter. Microsoft makes up approximately 4.3% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 4th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Microsoft were worth $589,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Bayesian Capital Management LP lifted its holdings in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after buying an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC increased its position in Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the period. Czech National Bank raised its stake in Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after purchasing an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC boosted its holdings in Microsoft by 296.7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after purchasing an additional 2,264 shares during the period. Finally, United Advisor Group LLC acquired a new stake in Microsoft in the 4th quarter worth $9,538,000. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.8 %

NASDAQ:MSFT opened at $428.02 on Friday. The company has a market cap of $3.18 trillion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s fifty day moving average price is $419.51 and its two-hundred day moving average price is $424.99. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.69 earnings per share. On average, analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft declared that its board has initiated a share repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. Bank of America lifted their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $506.00 price target on shares of Microsoft in a research note on Tuesday, September 17th. Finally, Piper Sandler restated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.94.

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.