Mn Services Vermogensbeheer B.V. Has $555.95 Million Position in Microsoft Co. (NASDAQ:MSFT)

Mn Services Vermogensbeheer B.V. lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 2.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,292,011 shares of the software giant’s stock after selling 28,000 shares during the period. Microsoft makes up 3.9% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 4th biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Microsoft were worth $555,952,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after acquiring an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after acquiring an additional 1,563,533 shares during the last quarter. Rhumbline Advisers raised its position in Microsoft by 0.3% during the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after purchasing an additional 45,220 shares in the last quarter. Finally, Swedbank AB lifted its stake in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after purchasing an additional 49,288 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 1.1 %

Shares of NASDAQ MSFT opened at $423.35 on Monday. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The company’s 50 day moving average price is $428.62 and its 200-day moving average price is $428.08. The company has a market capitalization of $3.15 trillion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 earnings per share. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its Board of Directors has authorized a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSFT. Morgan Stanley lifted their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Mizuho lifted their target price on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

About Microsoft

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.