Oakworth Capital Inc. Has $11.57 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Oakworth Capital Inc. lifted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,226 shares of the software giant’s stock after buying an additional 376 shares during the period. Microsoft comprises approximately 1.1% of Oakworth Capital Inc.’s holdings, making the stock its 19th largest holding. Oakworth Capital Inc.’s holdings in Microsoft were worth $11,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Iron Horse Wealth Management LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at about $26,000. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the first quarter worth approximately $28,000. Hanseatic Management Services Inc. boosted its stake in shares of Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares during the period. Retirement Financial Solutions LLC bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $40,000. Finally, PayPay Securities Corp acquired a new position in shares of Microsoft during the fourth quarter worth $54,000. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 0.9 %

Shares of MSFT opened at $314.00 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $314.43. The firm has a 50-day moving average price of $288.14 and a 200 day moving average price of $260.15. The firm has a market capitalization of $2.33 trillion, a P/E ratio of 34.02, a P/E/G ratio of 2.74 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. The company had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. Microsoft’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.22 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.87%. Microsoft’s payout ratio is currently 29.47%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. Credit Suisse Group upped their price target on shares of Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. StockNews.com assumed coverage on shares of Microsoft in a report on Thursday. They issued a “buy” rating for the company. BMO Capital Markets upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $325.00 to $347.00 in a research report on Wednesday, April 26th. Citigroup boosted their price objective on shares of Microsoft from $332.00 to $340.00 in a research report on Wednesday, April 26th. Finally, Wells Fargo & Company boosted their price target on shares of Microsoft from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $323.28.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the sale, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,848 shares of company stock worth $15,050,877. Insiders own 0.03% of the company’s stock.

Microsoft Profile

(Get Rating)

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.