Microsoft Co. (MSFT) Position Lessened by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,109,300 shares of the software giant’s stock after selling 70,300 shares during the quarter. Microsoft accounts for approximately 2.7% of State of New Jersey Common Pension Fund D’s portfolio, making the stock its 2nd biggest position. State of New Jersey Common Pension Fund D owned about 0.12% of Microsoft worth $678,552,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MSFT. New Capital Management LP grew its position in Microsoft by 0.5% in the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after acquiring an additional 22 shares in the last quarter. Nottingham Advisors Inc. grew its position in Microsoft by 0.4% in the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after acquiring an additional 22 shares in the last quarter. American Economic Planning Group Inc. ADV grew its position in Microsoft by 0.5% in the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after acquiring an additional 23 shares in the last quarter. Carderock Capital Management Inc. grew its position in Microsoft by 0.7% in the 2nd quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after acquiring an additional 26 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. grew its position in shares of Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after buying an additional 29 shares in the last quarter. 73.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Microsoft Co. (MSFT) opened at $87.11 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Co. has a 52 week low of $61.95 and a 52 week high of $87.66. The firm has a market capitalization of $672,020.00, a P/E ratio of 29.43, a P/E/G ratio of 2.00 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts forecast that Microsoft Co. will post 3.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 56.76%.

In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by company insiders.

A number of brokerages have recently commented on MSFT. Piper Jaffray Companies reissued a “buy” rating on shares of Microsoft in a research report on Thursday. Credit Suisse Group reissued a “buy” rating and set a $95.00 price objective on shares of Microsoft in a research report on Friday, October 27th. Morgan Stanley set a $88.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Friday, October 27th. Tigress Financial reissued a “buy” rating on shares of Microsoft in a research report on Tuesday, November 7th. Finally, Vetr raised Microsoft from a “sell” rating to a “hold” rating and set a $82.07 price objective for the company in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and a consensus target price of $85.87.

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Microsoft Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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