National Pension Service Holds $5.69 Billion in Microsoft

The National Pension Service has significantly increased its investment in Microsoft Co. (NASDAQ:MSFT) during the third quarter of 2025. According to its latest 13F filing with the SEC, the National Pension Service raised its stake in Microsoft by 14.8%, now owning 13,229,414 shares after purchasing an additional 1,707,436 shares during the period.

Microsoft has become a substantial part of the National Pension Service's investment portfolio, representing approximately 5.5% of their total assets. As of the recent filing, the total value of Microsoft shares held by the National Pension Service stands at $5,692,617,000, making it their third-largest holding.

Institutional Investors Adjust Holdings

Furthermore, several other hedge funds and institutional investors have also made adjustments to their Microsoft stock holdings. For example, First National Bank Sioux Falls increased its shares by 0.4% in the second quarter and now holds 6,340 shares worth approximately $2,834,000. Similarly, BCK Partners Inc. witnessed a 1.8% increase during the third quarter, bringing their holdings to 1,353 shares valued at $582,000.

Other notable changes include Flagship Private Wealth LLC's 2.8% increase in their stake, with 913 shares now worth $408,000, and Massachusetts Wealth Management's slight increase of 0.3%, resulting in a total of 9,640 shares valued at $4,309,000. Deseret Mutual Benefit Administrators also raised their position by 0.8%, now owning 3,255 shares valued at $1,455,000.

Overall, institutional investors now control 71.13% of Microsoft's shares.

Current Microsoft Stock Performance

Recently, Microsoft shares opened at $423.35. The company reports a debt-to-equity ratio of 0.15 and a current ratio of 1.30. Over the past year, Microsoft's stock has seen a low of $366.50 and a high of $468.35.

Microsoft boasts a market capitalization of $3.15 trillion, with a price-to-earnings ratio of 34.93 and a PEG ratio of 2.37. The stock has been trading at a 50-day simple moving average of $428.62 and a 200-day simple moving average of $428.35.

Quarterly Earnings and Dividend Declaration

In its latest quarterly earnings report published on October 30th, Microsoft announced an earnings per share (EPS) of $3.30, exceeding the consensus estimate of $3.10 by $0.20. The company's revenue for the quarter was reported at $65.59 billion, surpassing analyst predictions of $64.57 billion, showing a year-over-year growth of 16.0%.

Microsoft recently declared a quarterly dividend, to be paid on March 13th. Shareholders on record as of February 20th will receive a dividend of $0.83 per share, resulting in an annualized dividend of $3.32 and a dividend yield of 0.78%. The company's payout ratio stands at 27.39%.

Share Repurchase Plan

Additionally, Microsoft announced a share repurchase plan worth $60 billion, allowing the company to buy back up to 1.9% of its outstanding shares from the open market. Such a move indicates the board's belief that the company's shares are currently undervalued.

Analysts' Ratings and Price Targets

Equities research analysts have recently revised their forecasts for Microsoft. DA Davidson changed its rating from "buy" to "neutral," setting a price target of $475.00. JPMorgan Chase decreased its target from $470.00 to $465.00 while maintaining an "overweight" rating. BMO Capital Markets revised its target from $500.00 to $495.00, also rating it as "outperform." Meanwhile, Stifel Nicolaus increased its target from $475.00 to $515.00, giving the stock a "buy" rating.

As of the latest data, three analysts have rated the stock as a hold while twenty-seven have given it a buy rating. MarketBeat data reflects an average rating of "Moderate Buy" and a consensus target price of $509.90.

Insider Trading Activities

In recent insider trading news, EVP Judson Althoff sold 25,000 shares at an average price of $417.00, totaling $10,425,000. Following the transaction, Althoff holds 117,294 shares valued at approximately $48,911,598, marking a 17.57% decrease in his position. Additionally, EVP Christopher David Young sold 7,200 shares at an average price of $423.66, worth about $3,050,352, reducing his holdings by 6.51%.

In total, insiders have sold 41,200 shares valued at $17,383,892 over the past three months, with corporate insiders accounting for approximately 0.03% of total ownership.

About Microsoft

Microsoft Corporation is a global technology company known for developing and supporting software, services, devices, and solutions. It is involved in a range of business sectors, including productivity and business processes, offering various services such as Microsoft 365, Microsoft Teams, and consumer subscriptions.

Pension, Investment, Microsoft