Microsoft Co. (NASDAQ:MSFT) Shares Sold by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 9,323 shares of the software giant’s stock after selling 231 shares during the quarter. Microsoft accounts for approximately 1.6% of Indiana Trust & Investment Management CO’s portfolio, making the stock its 12th biggest position. Indiana Trust & Investment Management CO’s holdings in Microsoft were worth $3,506,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Gunderson Capital Management Inc. increased its holdings in Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Bailard Inc. increased its holdings in Microsoft by 1.2% in the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock valued at $148,497,000 after purchasing an additional 5,366 shares in the last quarter. RNC Capital Management LLC grew its stake in shares of Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after acquiring an additional 6,484 shares in the last quarter. Independence Bank of Kentucky grew its stake in shares of Microsoft by 7.7% during the third quarter. Independence Bank of Kentucky now owns 17,471 shares of the software giant’s stock valued at $5,516,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Bensler LLC grew its stake in shares of Microsoft by 3.2% during the third quarter. Bensler LLC now owns 86,932 shares of the software giant’s stock valued at $27,449,000 after acquiring an additional 2,674 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $409.06 on Thursday. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.04 trillion, a P/E ratio of 36.99, a PEG ratio of 2.17 and a beta of 0.89. The firm’s 50 day moving average is $414.59 and its two-hundred day moving average is $387.09.

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

Microsoft Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $455.00 target price on shares of Microsoft in a research note on Monday. Raymond James raised their target price on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, KeyCorp started coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Four research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $434.05.

Insider Activity at Microsoft

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock worth $30,690,456 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Company 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.