Microsoft Co. (NASDAQ:MSFT) Shares Purchased by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,009,227 shares of the software giant’s stock after purchasing an additional 72,257 shares during the quarter. Microsoft accounts for approximately 11.1% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Microsoft were worth $683,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Moneta Group Investment Advisors LLC lifted its holdings in shares of Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the period. Norges Bank acquired a new stake in shares of Microsoft during the fourth quarter worth about $20,700,525,000. Aaron Wealth Advisors LLC raised its position in Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares in the last quarter. Providence Capital Advisors LLC raised its position in Microsoft by 29,789.2% during the first quarter. Providence Capital Advisors LLC now owns 16,570,893 shares of the software giant’s stock valued at $57,477,000 after acquiring an additional 16,515,452 shares in the last quarter. Finally, Morgan Stanley raised its position in Microsoft by 14.0% during the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after acquiring an additional 14,652,150 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the sale, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSFT. BMO Capital Markets lifted their price target on Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Redburn Partners dropped their price target on Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a research report on Friday, August 11th. Mizuho boosted their price target on Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Loop Capital assumed coverage on Microsoft in a research report on Tuesday, October 17th. They set a “buy” rating and a $425.00 price target for the company. Finally, Tigress Financial boosted their price target on Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $384.34.

View Our Latest Report on MSFT

Microsoft Price Performance

MSFT stock opened at $360.53 on Wednesday. The business’s fifty day moving average price is $330.14 and its 200 day moving average price is $327.98. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 12-month low of $219.35 and a 12-month high of $366.78. The company has a market capitalization of $2.68 trillion, a PE ratio of 34.90, a P/E/G ratio of 2.35 and a beta of 0.88.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The company had revenue of $56.52 billion for the quarter, compared to the consensus estimate of $54.52 billion. During the same quarter in the prior year, the business earned $2.35 EPS. Microsoft’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts anticipate that Microsoft Co. will post 11.11 EPS for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 annualized dividend and a yield of 0.83%. Microsoft’s dividend payout ratio is 26.33%.

About Microsoft

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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