Pacer Advisors Inc. cut its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 18.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 708,149 shares of the software giant’s stock after selling 160,648 shares during the period. Microsoft accounts for approximately 1.0% of Pacer Advisors Inc.’s holdings, making the stock its 29th biggest holding. Pacer Advisors Inc.’s holdings in Microsoft were worth $241,153,000 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. Strategic Investment Solutions Inc. IL lifted its position in shares of Microsoft by 0.8% in the first quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock worth $1,213,000 after purchasing an additional 32 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in Microsoft by 0.5% in the 1st quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock worth $2,074,000 after buying an additional 33 shares in the last quarter. Affiance Financial LLC increased its stake in shares of Microsoft by 0.3% in the first quarter. Affiance Financial LLC now owns 10,362 shares of the software giant’s stock worth $2,988,000 after acquiring an additional 35 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. boosted its position in Microsoft by 1.3% during the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock valued at $835,000 after purchasing an additional 36 shares during the last quarter. Finally, Forbes Financial Planning Inc. grew its stake in Microsoft by 2.0% in the first quarter. Forbes Financial Planning Inc. now owns 1,845 shares of the software giant’s stock valued at $532,000 after purchasing an additional 36 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance
NASDAQ:MSFT opened at $317.54 on Tuesday. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $366.78. The firm has a 50 day moving average of $330.05 and a 200-day moving average of $316.86. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20.
Microsoft Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, November 15th. This is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.94%. Microsoft’s payout ratio is currently 30.96%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on MSFT shares. Deutsche Bank Aktiengesellschaft boosted their price target on Microsoft from $340.00 to $380.00 in a research note on Tuesday, May 30th. Oppenheimer restated an “outperform” rating and set a $410.00 price target on shares of Microsoft in a research note on Friday, July 28th. Citigroup reaffirmed a “buy” rating and issued a $420.00 price objective on shares of Microsoft in a research note on Friday. Piper Sandler restated an “overweight” rating and set a $400.00 target price on shares of Microsoft in a report on Wednesday, July 26th. Finally, Fundamental Research set a $298.10 price target on Microsoft and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $375.03.
Get Our Latest Stock Report on MSFT
Insider Transactions at Microsoft
In related news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,049 shares of company stock worth $38,195,619. Corporate insiders own 0.03% of the company’s stock.
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.
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