Pensionfund Sabic Invests $8.99 Million in Microsoft Corporation $MSFT

Pensionfund Sabic acquired a new stake in Microsoft Corporation (NASDAQ:MSFTFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,590 shares of the software giant’s stock, valued at approximately $8,990,000. Microsoft makes up about 2.4% of Pensionfund Sabic’s portfolio, making the stock its 2nd largest position.

Other hedge funds have also made changes to their positions in the company. Longfellow Investment Management Co. LLC increased its position in shares of Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after purchasing an additional 20 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Microsoft in the third quarter valued at $38,000. Sellwood Investment Partners LLC bought a new position in Microsoft during the third quarter valued at about $49,000. University of Illinois Foundation bought a new position in Microsoft during the second quarter valued at about $50,000. Finally, Stance Capital LLC acquired a new position in Microsoft during the third quarter worth about $54,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays reiterated an “overweight” rating on shares of Microsoft in a research report on Monday, March 9th. DA Davidson reaffirmed a “buy” rating and issued a $650.00 price objective on shares of Microsoft in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Microsoft from $630.00 to $575.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Guggenheim restated a “buy” rating and set a $586.00 target price on shares of Microsoft in a report on Thursday, January 22nd. Finally, Oppenheimer restated an “outperform” rating on shares of Microsoft in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $588.97.

Read Our Latest Stock Analysis on Microsoft

Insider Buying and Selling at Microsoft

In other Microsoft news, Director John W. Stanton bought 5,000 shares of Microsoft stock in a transaction dated Wednesday, February 18th. The stock was bought at an average price of $397.35 per share, for a total transaction of $1,986,750.00. Following the completion of the acquisition, the director directly owned 83,905 shares of the company’s stock, valued at approximately $33,339,651.75. This trade represents a 6.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 12,321 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $409.52, for a total value of $5,045,695.92. Following the completion of the sale, the executive vice president directly owned 137,933 shares of the company’s stock, valued at approximately $56,486,322.16. This trade represents a 8.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

MSFT stock opened at $358.96 on Tuesday. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The firm has a 50-day moving average of $407.34 and a two-hundred day moving average of $466.20. The firm has a market capitalization of $2.67 trillion, a PE ratio of 22.45, a P/E/G ratio of 1.35 and a beta of 1.10. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.09.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Wednesday, January 28th. The software giant reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.86 by $0.28. Microsoft had a net margin of 39.04% and a return on equity of 32.34%. The business had revenue of $81.27 billion for the quarter, compared to the consensus estimate of $80.28 billion. During the same period last year, the firm posted $3.23 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, May 21st. Microsoft’s payout ratio is presently 22.76%.

Key Headlines Impacting Microsoft

Here are the key news stories impacting Microsoft this week:

About Microsoft

(Free Report)

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).

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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