Norges Bank Takes $35.92 Billion Position in Microsoft Co. (NASDAQ:MSFT)

Norges Bank bought a new position in Microsoft Co. (NASDAQ:MSFTFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 95,521,879 shares of the software giant’s stock, valued at approximately $35,920,047,000. Microsoft makes up 6.3% of Norges Bank’s investment portfolio, making the stock its largest position. Norges Bank owned 1.29% of Microsoft as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Financial Security Advisor Inc. raised its position in Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after buying an additional 452 shares during the last quarter. Gunderson Capital Management Inc. increased its holdings in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its holdings in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares in the last quarter. RNC Capital Management LLC increased its holdings in shares of Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Finally, Clarity Financial LLC increased its holdings in shares of Microsoft by 4.9% during the 4th quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock valued at $21,399,000 after purchasing an additional 2,681 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 0.1 %

Shares of NASDAQ:MSFT opened at $424.52 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a market capitalization of $3.16 trillion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The firm’s 50-day moving average is $416.13 and its two-hundred day moving average is $402.07. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share. Analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSFT. Raymond James reaffirmed an “outperform” rating and set a $480.00 target price (up from $450.00) on shares of Microsoft in a report on Friday, April 26th. Evercore ISI boosted their price target on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Citigroup cut their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 price target on shares of Microsoft in a report on Monday, April 22nd. Finally, BMO Capital Markets boosted their price target on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $457.91.

Read Our Latest Report on Microsoft

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold 47,521 shares of company stock worth $19,746,476 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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