State of Alaska Department of Revenue increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 41.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,426,862 shares of the software giant’s stock after acquiring an additional 415,323 shares during the period. Microsoft comprises 2.7% of State of Alaska Department of Revenue’s portfolio, making the stock its biggest position. State of Alaska Department of Revenue’s holdings in Microsoft were worth $198,375,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MSFT. New England Private Wealth Advisors LLC increased its holdings in shares of Microsoft by 0.7% in the 2nd quarter. New England Private Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock valued at $1,408,000 after acquiring an additional 72 shares during the period. Orgel Wealth Management LLC increased its holdings in shares of Microsoft by 1.2% in the 2nd quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after acquiring an additional 74 shares during the period. Planning Directions Inc. increased its holdings in shares of Microsoft by 3.2% in the 2nd quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock valued at $324,000 after acquiring an additional 74 shares during the period. Weybosset Research & Management LLC increased its holdings in shares of Microsoft by 2.1% in the 2nd quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock valued at $486,000 after acquiring an additional 75 shares during the period. Finally, Torch Wealth Management LLC increased its holdings in shares of Microsoft by 0.4% in the 2nd quarter. Torch Wealth Management LLC now owns 18,397 shares of the software giant’s stock valued at $2,464,000 after acquiring an additional 76 shares during the period. 72.16% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on MSFT shares. Goldman Sachs Group set a $151.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group raised Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Monday. Wedbush reaffirmed an “outperform” rating on shares of Microsoft in a research report on Thursday, August 29th. Oppenheimer lifted their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Canaccord Genuity lifted their price target on Microsoft from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $151.52.

In related news, CAO Frank H. Brod sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $137.17, for a total transaction of $548,680.00. Following the completion of the sale, the chief accounting officer now owns 54,306 shares in the company, valued at $7,449,154.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $135.25, for a total value of $5,410,000.00. Following the sale, the executive vice president now owns 198,042 shares of the company’s stock, valued at approximately $26,785,180.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 318,757 shares of company stock valued at $43,735,918. 1.38% of the stock is owned by company insiders.

Microsoft stock traded up $2.05 during midday trading on Wednesday, reaching $137.72. 2,558,736 shares of the stock traded hands, compared to its average volume of 24,929,936. The company has a 50-day simple moving average of $137.40 and a two-hundred day simple moving average of $131.72. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1,035.90 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $142.37.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Equities research analysts anticipate that Microsoft Co. will post 5.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.51 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 annualized dividend and a yield of 1.48%. Microsoft’s payout ratio is presently 38.74%.

Microsoft declared that its board has approved a stock repurchase program on Wednesday, September 18th that permits the company to buyback $40.00 billion in outstanding shares. This buyback authorization permits the software giant to buy up to 3.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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