Microsoft Co. (NASDAQ:MSFT) is State of Alaska Department of Revenue’s 2nd Largest Position

State of Alaska Department of Revenue boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.3% in the 2nd quarter, Holdings Channel reports. The fund owned 1,300,663 shares of the software giant’s stock after acquiring an additional 77,455 shares during the quarter. Microsoft accounts for 4.1% of State of Alaska Department of Revenue’s holdings, making the stock its 2nd largest holding. State of Alaska Department of Revenue’s holdings in Microsoft were worth $334,048,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MSFT. Norges Bank purchased a new stake in Microsoft during the 4th quarter valued at about $24,401,940,000. Aaron Wealth Advisors LLC grew its stake in shares of Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after buying an additional 20,553,188 shares during the period. State Street Corp grew its stake in shares of Microsoft by 2.8% in the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares during the period. Vanguard Group Inc. grew its stake in shares of Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares during the period. Finally, Castleview Partners LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at approximately $11,872,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSFT. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research note on Tuesday, July 26th. Barclays dropped their price target 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. Itau BBA Securities began coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Redburn Partners started coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target for the company. Finally, Fundamental Research reaffirmed a “hold” rating and set a $280.50 price objective on shares of Microsoft in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Price Performance

Microsoft stock opened at $242.45 on Wednesday. The firm has a market cap of $1.81 trillion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. Microsoft Co. has a 52-week low of $239.64 and a 52-week high of $349.67. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $268.41 and its two-hundred day moving average is $273.37.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the business earned $2.17 earnings per share. On average, research analysts expect that Microsoft Co. will post 10.15 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

About Microsoft

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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