Microsoft Corporation $MSFT Stock Sold by Andra AP fonden

Key Points

• Andra AP fonden cut its Microsoft stake by 12.7% in the second quarter, selling 131,000 shares; it still held 902,052 shares worth about $336.5 million at quarter-end.
• Microsoft beat quarterly estimates, reporting EPS of $4.89 versus $4.72 expected and revenue of $92.28 billion versus $90.62 billion; revenue rose 18.8% year over year.
• Microsoft raised its quarterly dividend from $0.91 to $0.98 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $609.54.

Andra AP fonden trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 902,052 shares of the software giant's stock after selling 131,000 shares during the period. Microsoft comprises about 3.7% of Andra AP fonden's investment portfolio, making the stock its 3rd biggest position. Andra AP fonden's holdings in Microsoft were worth $336,483,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MSFT. Montgomery Financial Services LLC bought a new position in shares of Microsoft during the second quarter worth $26,000. Frankly Finances LLC purchased a new stake in shares of Microsoft in the 2nd quarter worth $35,000. Bard Associates Inc. bought a new stake in Microsoft during the 2nd quarter valued at $37,000. PMV Capital Advisers LLC purchased a new position in Microsoft during the 2nd quarter worth $38,000. Finally, Fiduciary Advisors Inc. increased its position in shares of Microsoft by 37.4% in the 2nd quarter. Fiduciary Advisors Inc. now owns 125 shares of the software giant's stock valued at $47,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 3.6%

Shares of NASDAQ:MSFT opened at $535.93 on Friday. Microsoft Corporation has a 52-week low of $349.20 and a 52-week high of $559.15. The stock has a market cap of $3.98 trillion, a P/E ratio of 27.97, a PEG ratio of 1.64 and a beta of 1.05. The business has a fifty day moving average of $516.13 and a two-hundred day moving average of $439.80. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 0.07.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The software giant reported $4.89 EPS for the quarter, topping the consensus estimate of $4.72 by $0.17. Microsoft had a return on equity of 31.28% and a net margin of 41.17%. The business had revenue of $92.28 billion for the quarter, compared to analyst estimates of $90.62 billion. During the same quarter in the previous year, the firm earned $4.13 EPS. The company's quarterly revenue was up 18.8% compared to the same quarter last year. On average, research analysts expect that Microsoft Corporation will post 19.89 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be issued a $0.98 dividend. This is a boost from Microsoft's previous quarterly dividend of $0.91. This represents a $3.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, November 19th. Microsoft's payout ratio is currently 20.46%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 86,525 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $501.46, for a total transaction of $43,388,826.50. Following the completion of the sale, the chief executive officer owned 486,763 shares of the company's stock, valued at $244,092,173.98. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amy Hood sold 7,305 shares of the business's stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $545.42, for a total transaction of $3,984,293.10. Following the completion of the sale, the executive vice president directly owned 555,396 shares in the company, valued at $302,924,086.32. This trade represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 135,504 shares of company stock valued at $68,138,024. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on MSFT. Morgan Stanley reaffirmed an "overweight" rating on shares of Microsoft in a report on Thursday, October 29th. Citigroup reaffirmed a "market outperform" rating on shares of Microsoft in a report on Thursday, October 29th. Rothschild & Co Redburn set a $440.00 price target on shares of Microsoft in a research note on Monday, September 21st. DA Davidson boosted their price objective on Microsoft from $550.00 to $650.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Finally, Yorkville Ives started coverage on Microsoft in a research note on Monday, October 5th. They issued an "outperform" rating and a $615.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $609.54.

More Microsoft News

Here are the key news stories impacting Microsoft this week:

• Positive Sentiment: Recent results provide a counterpoint: Microsoft beat quarterly earnings and revenue estimates, while strong Azure demand and AI adoption support growth in its cloud business. MSFT Q1 Earnings Call Highlights Azure Growth and AI Spending
• Neutral Sentiment: Microsoft’s decision not to take up an option to expand Nscale’s Texas data-center capacity appears connected to construction delays and tighter scrutiny of infrastructure partners. It may reflect capital discipline and project execution concerns, rather than a broad retreat from AI investment. Microsoft tightens oversight of neocloud data center projects
• Negative Sentiment: The abandoned expansion has stoked investor concerns about delayed AI capacity coming online and whether heavy data-center investment will generate sufficient cloud returns. Reports of an AI-spending shortfall have also weighed on sentiment toward infrastructure partners and Microsoft’s growth outlook. Why Microsoft Stock is Down Today
• Negative Sentiment: Technology shares sold off broadly late Thursday, adding sector-wide pressure to MSFT. Sector Update: Tech Stocks Tumble Late Afternoon

About Microsoft

Microsoft Corporation NASDAQ: MSFT is a global technology company that develops software, cloud services, devices and digital platforms. Its products and services are used by consumers, businesses, governments and educational institutions worldwide.

The company's principal offerings include the Windows operating system; Microsoft 365 productivity applications such as Word, Excel, Teams and Outlook; Azure cloud computing and infrastructure services; Dynamics business applications; and enterprise security solutions.

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