Mn Services Vermogensbeheer B.V. Sells 94,900 Shares of Microsoft Corporation (NASDAQ:MSFT)

Mn Services Vermogensbeheer B.V. cut its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,223,811 shares of the software giant's stock after selling 94,900 shares during the period. Microsoft makes up approximately 3.6% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 4th biggest position. Mn Services Vermogensbeheer B.V.'s holdings in Microsoft were worth $459,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the fourth quarter worth about $31,000. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the 4th quarter valued at approximately $38,000. LSV Asset Management purchased a new stake in shares of Microsoft in the 4th quarter valued at approximately $44,000. IFS Advisors LLC lifted its position in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on MSFT shares. Wells Fargo & Company upped their price target on shares of Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Evercore ISI set a $515.00 price target on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Oppenheimer raised shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $548.36.

Microsoft Stock Performance

Microsoft stock traded up $0.60 during trading hours on Wednesday, reaching $505.87. 16,378,636 shares of the company were exchanged, compared to its average volume of 21,593,527. The firm has a market cap of $3.76 trillion, a price-to-earnings ratio of 39.09, a PEG ratio of 2.30 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $481.17 and a 200 day moving average of $430.27. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $514.64.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.94 EPS. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is 25.66%.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider directly owned 476,999 shares of the company's stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company's stock.

About Microsoft

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.