State of Michigan Retirement System Has $761.76 Million Stake in Microsoft Corporation $MSFT

Key Points

• State of Michigan Retirement System cut its Microsoft stake by 7.9%, selling 176,000 shares and retaining 2.06 million shares valued at $761.76 million. Microsoft remains the fund’s third-largest holding at 4% of its portfolio.
• Microsoft continues to have strong institutional backing, with institutional investors and hedge funds owning 71.13% of shares. Analysts remain broadly bullish, with 42 Buy ratings, six Holds, and a consensus price target of $554.73.
• Microsoft’s latest quarterly results exceeded expectations, with revenue rising 18.3% year over year to $82.89 billion and EPS reaching $4.27. The company also declared a quarterly dividend of $0.91 per share, representing a 0.9% yield.

State of Michigan Retirement System trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,057,867 shares of the software giant's stock after selling 176,000 shares during the quarter. Microsoft makes up 4.0% of State of Michigan Retirement System's portfolio, making the stock its 3rd biggest position. State of Michigan Retirement System's holdings in Microsoft were worth $761,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. increased its holdings in Microsoft by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 717,942,580 shares of the software giant's stock valued at $347,211,391,000 after buying an additional 15,955,898 shares during the last quarter. State Street Corp lifted its holdings in Microsoft by 2.1% during the 4th quarter. State Street Corp now owns 306,150,608 shares of the software giant's stock worth $148,060,557,000 after buying an additional 6,388,930 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Microsoft by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 182,618,400 shares of the software giant's stock worth $88,056,019,000 after buying an additional 1,911,142 shares during the last quarter. Morgan Stanley grew its position in shares of Microsoft by 0.8% in the 4th quarter. Morgan Stanley now owns 121,220,561 shares of the software giant's stock worth $58,624,690,000 after acquiring an additional 980,439 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Microsoft in the 4th quarter worth approximately $50,664,631,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 4,500 shares of the business's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total transaction of $1,812,780.00. Following the completion of the transaction, the executive vice president directly owned 47,468 shares of the company's stock, valued at $19,122,009.12. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Judson Althoff sold 15,500 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the completion of the transaction, the chief executive officer owned 110,477 shares of the company's stock, valued at approximately $50,928,792.23. This trade represents a 12.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,762 shares of company stock valued at $10,508,361 in the last quarter. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MSFT shares. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a research report on Tuesday. BMO Capital Markets lifted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, July 7th. DZ Bank reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, April 30th. New Street Research dropped their target price on shares of Microsoft from $675.00 to $600.00 and set a "buy" rating on the stock in a report on Thursday, April 30th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Microsoft in a research report on Thursday, April 30th. Forty-two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $554.73.

More Microsoft News

Here are the key news stories impacting Microsoft this week:

• Positive Sentiment: Microsoft unveiled its first in-house cybersecurity AI model, MAI-Cyber-1-Flash, along with Project Perception, an agentic platform designed to detect and respond to AI-powered attacks. The products could strengthen Microsoft’s enterprise security position and create additional demand for Azure and security services. Microsoft launches AI cybersecurity model and defense platform
• Positive Sentiment: Analysts remained bullish ahead of earnings. Citizens JMP reaffirmed a Market Outperform rating with a $550 target, while Piper Sandler maintained an Overweight rating and a $540 target—well above Microsoft’s recent trading range. Microsoft stock moves higher
• Positive Sentiment: Microsoft’s expanding partnerships and integrations across Azure, Dynamics 365 and Microsoft 365 Copilot support the argument that its broad enterprise ecosystem can monetize AI spending over time. Morgan Stanley estimates major technology companies could achieve 25%–50% returns on AI investments. AI capital expenditure plans

Microsoft Trading Up 1.1%

NASDAQ:MSFT opened at $393.35 on Wednesday. Microsoft Corporation has a 12-month low of $349.20 and a 12-month high of $555.45. The firm has a market capitalization of $2.92 trillion, a P/E ratio of 23.41, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.27. The business has a 50 day simple moving average of $397.04 and a 200 day simple moving average of $406.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.06 by $0.21. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The firm had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. During the same period in the prior year, the business earned $3.46 EPS. The firm's revenue was up 18.3% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post 16.7 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Microsoft's dividend payout ratio is currently 21.67%.

Microsoft Company Profile

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft's product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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