Microsoft Corporation $MSFT is Pitcairn Co.’s 4th Largest Position

Pitcairn Co. lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,192 shares of the software giant’s stock after selling 10,742 shares during the quarter. Microsoft makes up about 2.9% of Pitcairn Co.’s investment portfolio, making the stock its 4th biggest position. Pitcairn Co.’s holdings in Microsoft were worth $43,868,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sound View Wealth Advisors Group LLC raised its position in Microsoft by 2.6% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 94,120 shares of the software giant’s stock valued at $46,816,000 after buying an additional 2,373 shares during the last quarter. Real Talk Capital LLC grew its stake in shares of Microsoft by 1.6% in the 1st quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock worth $860,000 after acquiring an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Microsoft by 3.8% in the second quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock valued at $457,119,000 after purchasing an additional 33,382 shares during the last quarter. Wellington Capital Management Inc. bought a new position in shares of Microsoft during the second quarter valued at about $9,941,000. Finally, Modern Wealth Management LLC boosted its holdings in Microsoft by 39.3% during the first quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock worth $54,376,000 after purchasing an additional 40,860 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $478.53 on Monday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39. The stock’s fifty day moving average price is $504.05 and its two-hundred day moving average price is $502.65. The firm has a market cap of $3.56 trillion, a PE ratio of 34.03, a PEG ratio of 1.79 and a beta of 1.07.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The company had revenue of $77.67 billion during the quarter, compared to the consensus estimate of $75.49 billion. During the same quarter in the prior year, the company earned $3.30 EPS. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. Microsoft’s payout ratio is 25.89%.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the sale, the insider owned 461,597 shares of the company’s stock, valued at $239,402,668.08. The trade was a 7.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Judson Althoff sold 12,750 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total value of $6,266,880.00. Following the sale, the chief executive officer owned 129,349 shares in the company, valued at approximately $63,577,620.48. This represents a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 54,100 shares of company stock worth $27,598,872. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MSFT has been the subject of several analyst reports. DA Davidson reiterated a “buy” rating and issued a $650.00 price objective on shares of Microsoft in a research note on Thursday, December 4th. Rothschild Redb downgraded Microsoft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. TD Cowen lifted their price target on Microsoft from $640.00 to $655.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Jefferies Financial Group reissued a “buy” rating and issued a $675.00 price objective on shares of Microsoft in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Microsoft in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $632.34.

Microsoft Company 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.