Microsoft Corporation (MSFT) is New Mexico Educational Retirement Board’s 2nd Largest Position

New Mexico Educational Retirement Board decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 717,647 shares of the software giant’s stock after selling 65,800 shares during the period. Microsoft Corporation makes up approximately 2.5% of New Mexico Educational Retirement Board’s holdings, making the stock its 2nd biggest position. New Mexico Educational Retirement Board’s holdings in Microsoft Corporation were worth $52,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Solaris Asset Management LLC boosted its holdings in shares of Microsoft Corporation by 9.8% in the second quarter. Solaris Asset Management LLC now owns 48,327 shares of the software giant’s stock valued at $3,331,000 after acquiring an additional 4,308 shares in the last quarter. Summit Financial Group Inc. bought a new position in shares of Microsoft Corporation in the second quarter valued at approximately $2,869,000. Shine Investment Advisory Services Inc. boosted its holdings in shares of Microsoft Corporation by 16.3% in the second quarter. Shine Investment Advisory Services Inc. now owns 9,415 shares of the software giant’s stock valued at $649,000 after acquiring an additional 1,317 shares in the last quarter. Legacy Capital Partners Inc. boosted its holdings in shares of Microsoft Corporation by 2.6% in the second quarter. Legacy Capital Partners Inc. now owns 37,427 shares of the software giant’s stock valued at $2,580,000 after acquiring an additional 955 shares in the last quarter. Finally, Global X Management Co. LLC boosted its holdings in shares of Microsoft Corporation by 4.8% in the second quarter. Global X Management Co. LLC now owns 58,126 shares of the software giant’s stock valued at $4,007,000 after acquiring an additional 2,655 shares in the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. Insiders have sold a total of 104,763 shares of company stock valued at $7,908,472 over the last three months. 1.49% of the stock is currently owned by insiders.

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Several research analysts have recently issued reports on the stock. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Thursday, November 9th. Tigress Financial reissued a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday, November 7th. Deutsche Bank AG reissued a “buy” rating and set a $100.00 target price on shares of Microsoft Corporation in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. increased their target price on shares of Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, Argus raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and increased their target price for the company from $57.28 to $95.00 in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company. Microsoft Corporation has an average rating of “Buy” and a consensus target price of $84.21.

Microsoft Corporation (NASDAQ MSFT) opened at $82.40 on Monday. Microsoft Corporation has a 1-year low of $58.80 and a 1-year high of $86.20. The stock has a market cap of $635,682.25, a PE ratio of 24.38, a P/E/G ratio of 1.92 and a beta of 1.01. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period last year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. equities analysts predict that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.04%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.14%.

Microsoft Corporation Company Profile

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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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