Public Employees Retirement System of Ohio decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,771,922 shares of the software giant’s stock after selling 7,779 shares during the period. Microsoft Corporation accounts for about 2.1% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 2nd largest position. Public Employees Retirement System of Ohio owned 0.07% of Microsoft Corporation worth $380,139,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. Asset Planning Services Ltd. increased its stake in shares of Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares in the last quarter. Pacific Center for Financial Services bought a new stake in shares of Microsoft Corporation during the fourth quarter worth about $155,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Microsoft Corporation during the fourth quarter worth about $161,000. Arcus Capital Partners LLC bought a new stake in shares of Microsoft Corporation during the first quarter worth about $205,000. Finally, Towercrest Capital Management bought a new stake in shares of Microsoft Corporation during the first quarter worth about $209,000. Hedge funds and other institutional investors own 72.64% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) traded down 0.50% during trading on Friday, reaching $72.04. 7,028,175 shares of the company’s stock traded hands. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42. The firm’s 50 day moving average price is $72.05 and its 200-day moving average price is $68.20. The stock has a market cap of $554.87 billion, a P/E ratio of 26.58 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. On average, equities analysts anticipate that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. Microsoft Corporation’s payout ratio is currently 57.78%.
MSFT has been the topic of a number of research reports. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 price target on shares of Microsoft Corporation in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a report on Sunday, July 9th. Cowen and Company reiterated an “outperform” rating and issued a $80.00 price target (up from $78.00) on shares of Microsoft Corporation in a report on Saturday, July 22nd. Pacific Crest reiterated a “buy” rating and issued a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. Finally, William Blair reiterated an “outperform” rating on shares of Microsoft Corporation in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.15.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the sale, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the sale, the insider now owns 570,843 shares in the company, valued at $39,388,167. The disclosure for this sale can be found here. Insiders have sold a total of 7,057,855 shares of company stock worth $512,044,578 over the last 90 days. Insiders own 2.99% of the company’s stock.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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