Microsoft Co. (NASDAQ:MSFT) is the largest holding of Railway Pension Investments Ltd

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Railway Pension Investments Ltd increased its holdings of Microsoft Co. (NASDAQ: MSFT – Get Rating) shares by 7.3% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission. The fund held 1,176,936 shares of the software giant after buying an additional 80,200 shares during the period. Microsoft accounts for approximately 2.8% of Railway Pension Investments Ltd’s portfolio, making it its largest holding. Railway Pension Investments Ltd’s holdings in Microsoft were worth $362,861,000 at the end of the last quarter.

Other hedge funds and other institutional investors have also recently changed their positions in the company. Shore Point Advisors LLC bought a new stake in Microsoft stock during Q4 for $40,000. Macroview Investment Management LLC bought a new stake in Microsoft stock during Q4 for $62,000. Artemis Wealth Advisors LLC bought a new position in Microsoft in Q1 worth $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft in Q4 worth $80,000. Finally, Evolution Advisers Inc. bought a new position in Microsoft in Q4 worth $84,000. Hedge funds and other institutional investors hold 69.99% of the company’s shares.

Changes to analyst ratings

Several equity research analysts have weighed in on MSFT shares. Jefferies Financial Group cut its price target on Microsoft from $325.00 to $320.00 in a Monday, June 13 research report. Barclays cut its price target on Microsoft shares from $363.00 to $335.00 and set an “overweight” rating on the stock in a Friday, June 10 research note. Fundamental Research cut its price target on Microsoft stock from $299.93 to $298.00 and set a “hold” rating on the stock in a Tuesday, May 3 research note. JPMorgan Chase & Co. set a target price of $320.00 on Microsoft stock in a Thursday, June 9 research note. Finally, Piper Sandler cut her price target on Microsoft stock from $352.00 to $312.00 and set an “overweight” rating on the stock in a Friday, July 8 research note. One research analyst has assigned the stock a hold rating and thirty-one has assigned the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $346.52.

Microsoft shares down 1.7%

MSFT stock opened at $260.36 on Friday. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a market capitalization of $1.95 trillion, a price to earnings ratio of 27.18, a growth price to earnings ratio of 2.03 and a beta of 0.93. The company’s 50-day moving average is $260.39 and its two-hundred-day moving average is $283.19. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt ratio of 0.30.

Microsoft (NASDAQ:MSFT – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The software giant reported earnings per share (EPS) of $2.22 for the quarter, beating the consensus estimate of $2.18 by $0.04. The company posted revenue of $49.36 billion for the quarter, versus $49.05 billion expected by analysts. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company’s revenues increased by 18.4% compared to the same quarter last year. In the same quarter a year ago, the company posted EPS of $1.95. On average, analysts expect Microsoft Co. to post earnings per share of 9.27 for the current fiscal year.

Microsoft announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62. The ex-date of this dividend is Wednesday, August 17. This represents an annualized dividend of $2.48 and a dividend yield of 0.95%. Microsoft’s dividend payout ratio is currently 25.89%.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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