Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,223,811 shares of the software giant’s stock after selling 94,900 shares during the period. Microsoft comprises about 3.6% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 4th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Microsoft were worth $459,406,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Retirement Solution LLC raised its holdings in shares of Microsoft by 3.8% during the first quarter. Retirement Solution LLC now owns 28,096 shares of the software giant’s stock worth $10,547,000 after acquiring an additional 1,040 shares in the last quarter. Fairvoy Private Wealth LLC raised its holdings in shares of Microsoft by 7.4% during the first quarter. Fairvoy Private Wealth LLC now owns 19,861 shares of the software giant’s stock worth $7,456,000 after acquiring an additional 1,360 shares in the last quarter. RHS Financial LLC raised its holdings in shares of Microsoft by 55.3% during the first quarter. RHS Financial LLC now owns 4,073 shares of the software giant’s stock worth $1,529,000 after acquiring an additional 1,450 shares in the last quarter. Tuttle Capital Management LLC raised its holdings in shares of Microsoft by 40.7% during the first quarter. Tuttle Capital Management LLC now owns 1,280 shares of the software giant’s stock worth $480,000 after acquiring an additional 370 shares in the last quarter. Finally, Fortis Advisors LLC increased its position in Microsoft by 6.4% during the first quarter. Fortis Advisors LLC now owns 2,577 shares of the software giant’s stock worth $967,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.3%

Shares of MSFT stock opened at $510.05 on Friday. The firm has a 50 day moving average price of $477.78 and a two-hundred day moving average price of $428.54. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.79 trillion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $514.64.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft’s payout ratio is presently 25.66%.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. Jefferies Financial Group lifted their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Piper Sandler lifted their target price on Microsoft from $475.00 to $600.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Mizuho lifted their target price on Microsoft from $500.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $581.00 target price (up from $512.00) on shares of Microsoft in a research report on Wednesday. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.79.

About Microsoft

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.