Citizens Business Bank Sells 3,201 Shares of Microsoft Co. (NASDAQ:MSFT)

Citizens Business Bank lessened its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,616 shares of the software giant’s stock after selling 3,201 shares during the quarter. Microsoft comprises about 2.4% of Citizens Business Bank’s investment portfolio, making the stock its 7th biggest position. Citizens Business Bank’s holdings in Microsoft were worth $10,761,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MSFT. Friedenthal Financial acquired a new stake in shares of Microsoft during the fourth quarter worth $45,000. PayPay Securities Corp boosted its holdings in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft during the third quarter worth $87,000. Kathleen S. Wright Associates Inc. boosted its holdings in shares of Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after purchasing an additional 143 shares during the last quarter. Finally, Family CFO Inc boosted its holdings in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, March 25th. UBS Group reiterated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. The Goldman Sachs Group lifted their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Evercore ISI lifted their target price on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their target price on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $457.91.

Check Out Our Latest Research Report on MSFT

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $415.13 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $416.30 and a 200-day simple moving average of $401.17. The company has a market cap of $3.09 trillion, a PE ratio of 35.94, a P/E/G ratio of 2.19 and a beta of 0.89. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. Microsoft’s dividend payout ratio is presently 25.97%.

Microsoft Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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