Microsoft Co. (NASDAQ:MSFT) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,804,082 shares of the software giant’s stock after selling 4,549 shares during the period. Microsoft makes up 4.2% of Retirement Systems of Alabama’s investment portfolio, making the stock its 2nd biggest holding. Retirement Systems of Alabama owned about 0.05% of Microsoft worth $977,002,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. KRS Capital Management LLC increased its holdings in shares of Microsoft by 4.8% during the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after buying an additional 218 shares in the last quarter. Phoenix Wealth Advisors raised its holdings in Microsoft by 2.0% in the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after purchasing an additional 343 shares during the period. Jmac Enterprises LLC raised its holdings in Microsoft by 1.0% in the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after purchasing an additional 169 shares during the period. ARGI Investment Services LLC raised its holdings in shares of Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after acquiring an additional 3,358 shares during the period. Finally, First PREMIER Bank raised its holdings in shares of Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $241.22 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The company has a market cap of $1.80 trillion, a P/E ratio of 25.99, a PEG ratio of 2.33 and a beta of 0.92. The stock’s 50-day moving average is $237.85 and its 200 day moving average is $256.37. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same period last year, the business posted $2.27 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.68 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.13%. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. Fundamental Research lowered their price target on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. JPMorgan Chase & Co. reduced their target price on shares of Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. StockNews.com started coverage on shares of Microsoft in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Cowen cut their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Jefferies Financial Group dropped their target price on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $300.64.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by company insiders.

Microsoft Company Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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