PGGM Investments Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

PGGM Investments raised its position in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 479,468 shares of the software giant’s stock after acquiring an additional 8,789 shares during the period. Microsoft comprises approximately 3.1% of PGGM Investments’ holdings, making the stock its 5th largest holding. PGGM Investments’ holdings in Microsoft were worth $214,298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Holland Advisory Services Inc. raised its holdings in shares of Microsoft by 0.8% in the 2nd quarter. Holland Advisory Services Inc. now owns 3,607 shares of the software giant’s stock worth $1,612,000 after buying an additional 28 shares in the last quarter. Cedar Point Capital Partners LLC grew its position in Microsoft by 1.7% in the second quarter. Cedar Point Capital Partners LLC now owns 2,380 shares of the software giant’s stock valued at $1,064,000 after acquiring an additional 40 shares during the period. Tsfg LLC raised its stake in Microsoft by 1.7% during the second quarter. Tsfg LLC now owns 10,691 shares of the software giant’s stock worth $4,778,000 after acquiring an additional 179 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Microsoft by 1.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 60,768 shares of the software giant’s stock valued at $27,160,000 after acquiring an additional 1,006 shares during the period. Finally, Addenda Capital Inc. boosted its stake in shares of Microsoft by 1.0% in the 2nd quarter. Addenda Capital Inc. now owns 96,422 shares of the software giant’s stock valued at $43,096,000 after purchasing an additional 922 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 2.1 %

Microsoft stock opened at $414.20 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a 50-day simple moving average of $425.67 and a 200 day simple moving average of $423.06. The stock has a market capitalization of $3.08 trillion, a P/E ratio of 35.86, a PEG ratio of 2.03 and a beta of 0.90. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter in the prior year, the business earned $2.69 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Microsoft Co. will post 13.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSFT. Argus lifted their price target on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Citigroup dropped their target price on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Oppenheimer raised their price target on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Wells Fargo & Company upped their price objective on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets increased their price objective on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Buying and Selling

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,751 shares of company stock valued at $53,628,156. Company insiders own 0.03% of the company’s stock.

About Microsoft

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.