Pacifica Partners Inc. reduced its holdings in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,495 shares of the software giant’s stock after selling 587 shares during the quarter. Microsoft makes up approximately 4.9% of Pacifica Partners Inc.’s holdings, making the stock its largest holding. Pacifica Partners Inc.’s holdings in Microsoft were worth $12,148,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MSFT. Vanguard Group Inc. lifted its holdings in Microsoft by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock worth $259,539,471,000 after buying an additional 7,314,509 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock worth $70,720,874,000 after acquiring an additional 3,103,212 shares during the last quarter. Norges Bank acquired a new position in shares of Microsoft during the fourth quarter valued at $44,343,058,000. Kingstone Capital Partners Texas LLC boosted its holdings in Microsoft by 564,387.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock valued at $45,040,162,000 after acquiring an additional 90,533,328 shares during the last quarter. Finally, Northern Trust Corp increased its position in Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. 71.13% of the stock is currently owned by institutional investors.
Microsoft Stock Performance
Shares of Microsoft stock opened at $519.71 on Thursday. The stock’s fifty day simple moving average is $512.66 and its 200 day simple moving average is $464.83. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.86 trillion, a PE ratio of 38.10, a PEG ratio of 2.26 and a beta of 1.03. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. Microsoft’s payout ratio is presently 24.34%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Scotiabank increased their price objective on shares of Microsoft from $500.00 to $650.00 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Oppenheimer lifted their target price on shares of Microsoft from $600.00 to $630.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Piper Sandler upped their target price on shares of Microsoft from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein raised their price target on Microsoft from $540.00 to $637.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $617.63.
Read Our Latest Stock Analysis on Microsoft
Insider Buying and Selling
In other news, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the transaction, the executive vice president owned 39,111 shares in the company, valued at $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 149,205 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the sale, the chief executive officer owned 790,852 shares in the company, valued at approximately $399,206,272.56. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.
Microsoft Company Profile
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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