Arizona State Pension System Increases Position in Microsoft Co. (NASDAQ:MSFT)


Arizona State Retirement System increased its holdings of Microsoft Co. (NASDAQ:MSFT – Get Rating) stock by 0.1% during the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). . The institutional investor held 1,957,173 shares of the software giant after purchasing an additional 1,903 shares during the period. Microsoft accounts for about 4.9% of Arizona State Retirement System’s portfolio, making the stock its second-largest position. Arizona State Retirement System’s holdings in Microsoft were worth $603,416,000 at the end of the last quarter.

Other institutional investors and hedge funds have also recently changed their positions in the company. Shore Point Advisors LLC bought a new position in Microsoft in the fourth quarter worth about $40,000. Tobam ​​increased its stake in Microsoft shares by 15,400.0% in the first quarter. Tobam ​​now owns 155 shares of the software giant worth $48,000 after buying an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC bought a new stake in Microsoft stock in the first quarter worth about $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new stake in Microsoft stock in the fourth quarter worth about $80,000. Finally, Evolution Advisers Inc. bought a new stake in Microsoft stock in the fourth quarter worth about $84,000. Institutional investors hold 69.99% of the company’s shares.

A Wall Street analyst gives his opinion

Several analysts have recently commented on MSFT shares. Deutsche Bank Aktiengesellschaft lowered its price target on Microsoft from $350.00 to $330.00 and set a “buy” rating for the company in a Wednesday, July 27 research note. JPMorgan Chase & Co. set Microsoft a price target of $320.00 in a Thursday, June 9 research report. UBS Group set Microsoft a price target of $330.00 in a Monday, June 20 research report. BMO Capital Markets raised its price target on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a Wednesday, July 27 research report. Finally, Morgan Stanley cut its price target on Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a Tuesday, July 12 research report. Two analysts gave the stock a hold rating and thirty-one gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.

Microsoft shares down 1.4%

NASDAQ:MSFT shares opened at $286.15 on Friday. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67. The company has a market capitalization of $2.13 trillion, a PE ratio of 29.68, a P/E/G ratio of 2.45 and a beta of 0.93. The company has a debt ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The stock’s 50-day moving average is $266.82 and its 200-day moving average is $279.42.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly results on Tuesday, July 26. The software giant reported earnings per share (EPS) of $2.23 for the quarter, missing consensus analyst estimates of $2.29 per ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period a year earlier, the company posted EPS of $2.17. Sell-side analysts expect Microsoft Co. to post EPS of 10.14 for the current year.

Microsoft dividend announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8. Investors of record on Thursday, August 18 will receive a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a yield of 0.87%. Microsoft’s dividend payout ratio is currently 25.73%.

Microsoft Company Profile

(Get a rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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