State of New Jersey Common Pension Fund D Decreases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

State of New Jersey Common Pension Fund D lessened its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,151,248 shares of the software giant’s stock after selling 23,996 shares during the quarter. Microsoft comprises 4.1% of State of New Jersey Common Pension Fund D’s investment portfolio, making the stock its 2nd biggest position. State of New Jersey Common Pension Fund D owned 0.06% of Microsoft worth $1,066,165,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. boosted its position in shares of Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the 1st quarter valued at $28,000. Newfound Research LLC increased its stake in shares of Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the last quarter. Darrow Company Inc. acquired a new position in shares of Microsoft during the 2nd quarter worth $82,000. Finally, Evolution Advisers Inc. lifted its position in shares of Microsoft by 36.4% during the 1st quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after buying an additional 91 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSFT. Wells Fargo & Company decreased their target price on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Barclays set a $296.00 price target on shares of Microsoft in a report on Tuesday, November 1st. BMO Capital Markets dropped their price objective on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Piper Sandler cut their target price on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Finally, Citigroup lowered their price target on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Trading Up 1.0 %

Shares of Microsoft stock opened at $247.58 on Friday. The stock has a market capitalization of $1.85 trillion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $344.30. The stock has a 50 day moving average price of $237.12 and a two-hundred day moving average price of $255.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

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

Microsoft Increases Dividend

The firm 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 $0.68 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

About Microsoft

(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

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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