Overbrook Management Corp decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,087 shares of the software giant's stock after selling 12,594 shares during the quarter. Microsoft makes up 7.0% of Overbrook Management Corp's holdings, making the stock its 2nd largest holding. Overbrook Management Corp's holdings in Microsoft were worth $29,688,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Vanguard Group Inc. boosted its position in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC boosted its position in Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after purchasing an additional 3,103,212 shares in the last quarter. Norges Bank purchased a new stake in Microsoft in the fourth quarter valued at about $44,343,058,000. Northern Trust Corp raised its stake in Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Microsoft by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after buying an additional 5,370,546 shares during the last quarter. Institutional investors own 71.13% of the company's stock.
Microsoft Stock Up 0.2%
Shares of MSFT opened at $522.04 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average is $496.85 and its two-hundred day moving average is $438.17. The firm has a market cap of $3.88 trillion, a P/E ratio of 38.27, a PEG ratio of 2.29 and a beta of 1.06. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business's revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 earnings per share. Analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's payout ratio is currently 24.34%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on MSFT shares. Mizuho increased their price target on Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Cantor Fitzgerald increased their price target on Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $650.00 price target (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Sanford C. Bernstein increased their price target on Microsoft from $540.00 to $637.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada increased their price target on Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $609.86.
Read Our Latest Stock Report on Microsoft
Insider Transactions at Microsoft
In other news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred 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 sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,743 shares of company stock valued at $24,921,913. Insiders own 0.03% of the company's stock.
Microsoft Profile
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Free Report)
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.
Further Reading

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