New York State Teachers Retirement System lessened its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,030,853 shares of the software giant’s stock after selling 98,598 shares during the quarter. Microsoft makes up about 2.9% of New York State Teachers Retirement System’s portfolio, making the stock its 2nd biggest position. New York State Teachers Retirement System owned about 0.17% of Microsoft worth $1,189,326,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its stake in Microsoft by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock valued at $2,696,444,000 after purchasing an additional 1,148,178 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Microsoft by 1.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,553,135 shares of the software giant’s stock valued at $1,843,655,000 after purchasing an additional 307,369 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Microsoft by 4.9% in the third quarter. Parametric Portfolio Associates LLC now owns 19,522,906 shares of the software giant’s stock valued at $1,454,261,000 after purchasing an additional 913,251 shares in the last quarter. California Public Employees Retirement System grew its stake in Microsoft by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 18,709,029 shares of the software giant’s stock valued at $1,600,370,000 after purchasing an additional 91,553 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in Microsoft by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 16,946,738 shares of the software giant’s stock valued at $1,449,624,000 after purchasing an additional 504,877 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ MSFT opened at $98.61 on Friday. The firm has a market capitalization of $751.04 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 2.13 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00. Microsoft Co. has a fifty-two week low of $68.02 and a fifty-two week high of $102.69.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The firm had revenue of $26.82 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. equities research analysts forecast that Microsoft Co. will post 3.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 16th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $1.68 annualized dividend and a yield of 1.70%. Microsoft’s dividend payout ratio is presently 50.76%.
In related news, Director Sandra E. Peterson acquired 5,400 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was purchased at an average cost of $101.96 per share, with a total value of $550,584.00. Following the acquisition, the director now directly owns 5,400 shares of the company’s stock, valued at $550,584. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 10,000 shares of Microsoft stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $100.99, for a total value of $1,009,900.00. Following the completion of the transaction, the executive vice president now directly owns 158,601 shares of the company’s stock, valued at $16,017,114.99. The disclosure for this sale can be found here. 1.49% of the stock is owned by insiders.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Credit Suisse Group set a $115.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Tuesday, April 24th. UBS Group set a $114.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Friday, April 27th. BidaskClub downgraded Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, KeyCorp reiterated a “buy” rating and set a $110.00 target price on shares of Microsoft in a research note on Friday, April 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.49.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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