Bank Hapoalim BM Has $17.80 Million Position in Microsoft Co. (NASDAQ:MSFT)

Bank Hapoalim BM lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,345 shares of the software giant’s stock after selling 2,232 shares during the quarter. Microsoft accounts for about 2.3% of Bank Hapoalim BM’s portfolio, making the stock its 8th largest position. Bank Hapoalim BM’s holdings in Microsoft were worth $17,802,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. IRON Financial LLC raised its stake in shares of Microsoft by 1.4% in the fourth quarter. IRON Financial LLC now owns 8,165 shares of the software giant’s stock valued at $3,071,000 after acquiring an additional 109 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Microsoft by 1.5% in the fourth quarter. AdvisorNet Financial Inc now owns 64,150 shares of the software giant’s stock valued at $24,123,000 after acquiring an additional 935 shares during the period. Lineweaver Wealth Advisors LLC raised its stake in shares of Microsoft by 5.0% in the fourth quarter. Lineweaver Wealth Advisors LLC now owns 19,302 shares of the software giant’s stock valued at $7,263,000 after acquiring an additional 926 shares during the period. Congress Park Capital LLC raised its stake in shares of Microsoft by 6.2% in the fourth quarter. Congress Park Capital LLC now owns 23,669 shares of the software giant’s stock valued at $8,900,000 after acquiring an additional 1,373 shares during the period. Finally, MBA Advisors LLC raised its stake in shares of Microsoft by 2.6% in the fourth quarter. MBA Advisors LLC now owns 9,603 shares of the software giant’s stock valued at $3,611,000 after acquiring an additional 246 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MSFT shares. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, April 10th. Royal Bank of Canada raised their price target on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, March 25th. KeyCorp started coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Finally, BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a research note on Thursday, January 18th. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.03.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $411.84 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 12 month low of $275.37 and a 12 month high of $430.82. The company has a 50 day simple moving average of $415.48 and a two-hundred day simple moving average of $384.15. The stock has a market cap of $3.06 trillion, a price-to-earnings ratio of 37.24, a PEG ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 EPS. As a group, analysts predict that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is presently 27.12%.

Microsoft Profile

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.