New York State Common Retirement Fund increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,697,042 shares of the software giant’s stock after purchasing an additional 40,408 shares during the period. Microsoft makes up approximately 5.2% of New York State Common Retirement Fund’s investment portfolio, making the stock its 2nd largest position. New York State Common Retirement Fund owned 0.21% of Microsoft worth $4,839,555,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in MSFT. Norges Bank purchased a new position in shares of Microsoft during the 4th quarter worth approximately $24,401,940,000. State Street Corp boosted its position in shares of Microsoft by 2.8% during the 4th quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Castleview Partners LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $11,872,000. TD Asset Management Inc. boosted its position in Microsoft by 28.5% in the 4th quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares during the period. Finally, Geode Capital Management LLC boosted its position in Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant’s stock valued at $43,313,705,000 after buying an additional 3,027,306 shares during the period. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Citigroup decreased their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. William Blair reissued an “outperform” rating on shares of Microsoft in a research report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Guggenheim assumed coverage on shares of Microsoft in a research report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price target for the company. Finally, Piper Sandler decreased their price target on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Trading Down 0.2 %
NASDAQ MSFT opened at $275.79 on Thursday. 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 firm has a market cap of $2.06 trillion, a PE ratio of 28.61, a P/E/G ratio of 2.34 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The firm’s fifty day moving average is $268.65 and its two-hundred day moving average is $278.56.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the company posted $2.17 earnings per share. Analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is 25.73%.
Microsoft Company Profile
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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