Microsoft Co. (NASDAQ:MSFT) is Pensionfund Sabic’s 2nd Largest Position

Pensionfund Sabic trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.7% in the second quarter, HoldingsChannel.com reports. The fund owned 41,390 shares of the software giant’s stock after selling 2,500 shares during the period. Microsoft accounts for 3.4% of Pensionfund Sabic’s holdings, making the stock its 2nd largest position. Pensionfund Sabic’s holdings in Microsoft were worth $10,630,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. grew its position in shares of Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new position in Microsoft during the 1st quarter worth $28,000. Shore Point Advisors LLC purchased a new position in Microsoft during the 4th quarter worth $40,000. Tobam grew its position in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Finally, Artemis Wealth Advisors LLC purchased a new position in Microsoft during the 1st quarter worth $68,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Stock Down 0.3 %

Shares of NASDAQ MSFT opened at $244.74 on Friday. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The firm has a market cap of $1.83 trillion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The stock’s 50-day simple moving average is $268.81 and its 200-day simple moving average is $274.03.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period last year, the company earned $2.17 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Itaú Unibanco assumed coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. Guggenheim started coverage on shares of Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price for the company. Wedbush reduced their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Morgan Stanley reduced their target price on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Finally, Barclays reduced their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.31.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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