Achmea Investment Management B.V. Purchases 118,107 Shares of Microsoft Corporation (NASDAQ:MSFT)

Achmea Investment Management B.V. raised its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 14.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 908,778 shares of the software giant's stock after purchasing an additional 118,107 shares during the period. Microsoft comprises approximately 5.0% of Achmea Investment Management B.V.'s portfolio, making the stock its 3rd biggest holding. Achmea Investment Management B.V.'s holdings in Microsoft were worth $341,147,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Fosun International Ltd increased its stake in Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after purchasing an additional 23 shares during the last quarter. Retirement Financial Solutions LLC lifted its position in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the period. Kuhn & Co Investment Counsel lifted its position in Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after buying an additional 25 shares during the period. Alliance Wealth Management Group lifted its position in Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after buying an additional 25 shares during the period. Finally, Guidance Point Advisors LLC lifted its position in Microsoft by 0.6% during the fourth quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock worth $1,811,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Ratings Changes

MSFT has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an "overweight" rating and set a $650.00 target price (up from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. TD Cowen increased their target price on Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. TD Securities increased their target price on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wedbush increased their target price on Microsoft from $600.00 to $625.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial increased their target price on Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $609.86.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $522.04 on Friday. The company has a market cap of $3.88 trillion, a P/E ratio of 38.27, a PEG ratio of 2.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The business's 50-day simple moving average is $496.85 and its 200 day simple moving average is $438.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same quarter last year, the firm earned $2.95 EPS. Microsoft's quarterly revenue was up 18.1% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,743 shares of company stock worth $24,921,913 in the last quarter. Company insiders own 0.03% of the company's stock.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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