Pensioenfonds Rail & OV lowered its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 39.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,303 shares of the software giant’s stock after selling 104,729 shares during the period. Microsoft accounts for about 3.2% of Pensioenfonds Rail & OV’s holdings, making the stock its largest holding. Pensioenfonds Rail & OV’s holdings in Microsoft were worth $48,105,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter worth $28,000. Atlantic Private Wealth LLC raised its holdings in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after acquiring an additional 155 shares during the period. Hibernia Wealth Partners LLC bought a new stake in Microsoft during the third quarter valued at about $69,000. Iron Horse Wealth Management LLC raised its holdings in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in Microsoft during the fourth quarter valued at about $83,000. Hedge funds and other institutional investors own 69.20% of the company’s stock.
In related news, EVP Kathleen T. Hogan sold 24,681 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the completion of the transaction, the executive vice president now owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction on Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the sale, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The disclosure for this sale can be found here. Insiders sold a total of 72,984 shares of company stock valued at $28,978,803 in the last 90 days. Company insiders own 0.03% of the company’s stock.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 11.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. Microsoft’s payout ratio is 27.12%.
A number of equities research analysts have commented on the company. Argus raised their price target on Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. China Renaissance assumed coverage on Microsoft in a report on Tuesday, December 5th. They set a “buy” rating and a $466.00 price target on the stock. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a report on Thursday, January 18th. Tigress Financial raised their price objective on Microsoft from $433.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Barclays raised their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $411.06.
Get Our Latest Analysis on MSFT
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.
• Five stocks we like better than Microsoft
• Keurig-Dr Pepper stock: Time to take another sip?
• The 3 Best Retail Stocks to Shop for in August
• The Trade Desk: 3 reasons to buy before a new all-time high
• How to buy stock: A step-by-step guide for beginners
• Roku stock and the mother of all entry opportunities
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.…Read more by Defense World Staff
