South Dakota Investment Council raised its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 649,222 shares of the software giant’s stock after buying an additional 378 shares during the period. Microsoft comprises about 3.6% of the South Dakota Investment Council’s portfolio, making the stock its 3rd biggest position. South Dakota Investment Council’s holdings in Microsoft were worth $151,204,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in MSFT. DGS Capital Management LLC grew its position in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its position in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares during the last quarter. Altus Wealth Group LLC lifted its stake in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC lifted its stake in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its stake in shares of Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares during the period. Institutional investors own 69.15% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on MSFT shares. UBS Group set a $250.00 price objective on Microsoft in a research note on Wednesday, February 8th. Wolfe Research dropped their price objective on Microsoft from $280.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Raymond James dropped their price target on Microsoft from $280.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Guggenheim downgraded Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price target on the stock. in a research note on Tuesday, January 17th. Finally, DA Davidson increased their price objective on Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $285.58.
Insider Activity at Microsoft
In related news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total value of $269,380.00. Following the sale, the chief marketing officer now directly owns 117,362 shares of the company’s stock, valued at approximately $31,614,975.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,767 shares of company stock valued at $1,728,111. Company insiders own 0.03% of the company’s stock.
Microsoft Price Performance
Microsoft stock opened at $255.29 on Monday. Microsoft Co. has a one-year low of $213.43 and a one-year high of $315.95. The business has a fifty day moving average price of $247.21 and a 200-day moving average price of $246.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The firm has a market capitalization of $1.90 trillion, a P/E ratio of 28.37, a PEG ratio of 2.34 and a beta of 0.92.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. During the same period last year, the company earned $2.48 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equity research analysts forecast that Microsoft Co. will post 9.34 EPS for the current year.
Microsoft Profiles
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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business , Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, consisting of a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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