Renaissance Group LLC Sells 3,347 Shares of Microsoft Corporation $MSFT

by · The Markets Daily

Renaissance Group LLC cut its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,992 shares of the software giant’s stock after selling 3,347 shares during the quarter. Microsoft makes up 1.8% of Renaissance Group LLC’s investment portfolio, making the stock its 6th largest position. Renaissance Group LLC’s holdings in Microsoft were worth $46,255,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Microsoft by 2.0% in the second quarter. Vanguard Group Inc. now owns 705,077,786 shares of the software giant’s stock valued at $350,712,742,000 after purchasing an additional 13,691,572 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Microsoft by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 179,001,751 shares of the software giant’s stock valued at $88,714,256,000 after acquiring an additional 3,532,054 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Microsoft by 564,387.1% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock worth $45,040,162,000 after acquiring an additional 90,533,328 shares during the period. Northern Trust Corp boosted its position in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Microsoft by 3.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 62,267,822 shares of the software giant’s stock valued at $23,374,718,000 after purchasing an additional 2,306,485 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the completion of the transaction, the insider directly owned 461,597 shares of the company’s stock, valued at $239,402,668.08. This trade represents a 7.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Judson Althoff sold 12,750 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the completion of the sale, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at $63,577,620.48. The trade was a 8.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 54,100 shares of company stock worth $27,598,872 in the last ninety days. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Microsoft in a report on Wednesday, November 19th. Wall Street Zen upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler reissued an “overweight” rating and set a $650.00 price target on shares of Microsoft in a research report on Thursday, October 30th. Raymond James Financial cut their price objective on Microsoft from $630.00 to $600.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, BNP Paribas Exane increased their target price on shares of Microsoft from $630.00 to $632.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $632.34.

Check Out Our Latest Report on Microsoft

Microsoft Stock Performance

NASDAQ:MSFT opened at $491.02 on Tuesday. The firm has a 50-day moving average of $506.81 and a two-hundred day moving average of $501.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39. The stock has a market cap of $3.65 trillion, a P/E ratio of 34.92, a PEG ratio of 1.81 and a beta of 1.07. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping the consensus estimate of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The business had revenue of $77.67 billion for the quarter, compared to analysts’ expectations of $75.49 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The company’s revenue was up 18.4% compared to the same quarter last year. On average, research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 annualized dividend and a yield of 0.7%. Microsoft’s dividend payout ratio is currently 25.89%.

Microsoft Profile

(Free Report)

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.

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