Microsoft Co. (MSFT) Stake Lifted by New Jersey Better Educational Savings Trust

New Jersey Better Educational Savings Trust increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,000 shares of the software giant’s stock after purchasing an additional 2,000 shares during the period. Microsoft makes up 4.3% of New Jersey Better Educational Savings Trust’s investment portfolio, making the stock its largest holding. New Jersey Better Educational Savings Trust’s holdings in Microsoft were worth $3,352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. increased its stake in shares of Microsoft by 1.0% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 10,004 shares of the software giant’s stock worth $1,016,000 after purchasing an additional 99 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its position in shares of Microsoft by 2.7% during the third quarter. Northwest Quadrant Wealth Management LLC now owns 3,847 shares of the software giant’s stock worth $430,000 after acquiring an additional 102 shares during the last quarter. Conservest Capital Advisors Inc. boosted its position in shares of Microsoft by 5.2% during the fourth quarter. Conservest Capital Advisors Inc. now owns 2,082 shares of the software giant’s stock worth $211,000 after acquiring an additional 102 shares during the last quarter. Arvest Bank Trust Division boosted its position in shares of Microsoft by 1.0% during the fourth quarter. Arvest Bank Trust Division now owns 11,176 shares of the software giant’s stock worth $1,135,000 after acquiring an additional 111 shares during the last quarter. Finally, Beaton Management Co. Inc. boosted its position in shares of Microsoft by 0.8% during the third quarter. Beaton Management Co. Inc. now owns 15,492 shares of the software giant’s stock worth $1,772,000 after acquiring an additional 120 shares during the last quarter. 73.00% of the stock is owned by hedge funds and other institutional investors.

MSFT stock opened at $125.50 on Friday. The stock has a market capitalization of $966.48 billion, a P/E ratio of 32.35, a P/E/G ratio of 2.27 and a beta of 1.24. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $131.37. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 24th. The software giant reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.14. The company had revenue of $30.57 billion for the quarter, compared to the consensus estimate of $29.86 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. On average, equities research analysts expect that Microsoft Co. will post 4.58 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 47.42%.

Several research firms have commented on MSFT. UBS Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, January 31st. Goldman Sachs Group set a $131.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, April 24th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Monday, March 4th. Nomura lowered their price objective on shares of Microsoft from $115.00 to $113.00 and set a “buy” rating for the company in a research report on Thursday, January 31st. Finally, KeyCorp reiterated a “buy” rating and set a $125.00 price objective on shares of Microsoft in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have assigned a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $135.14.

In other Microsoft news, insider Jean Philippe Courtois sold 28,147 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $108.14, for a total transaction of $3,043,816.58. Following the transaction, the insider now owns 497,162 shares of the company’s stock, valued at approximately $53,763,098.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $128.87, for a total transaction of $386,610.00. The disclosure for this sale can be found here. Insiders sold a total of 261,501 shares of company stock worth $32,753,937 in the last ninety days. 1.38% of the stock is currently owned by insiders.

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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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