Indiana Trust & Investment Management CO Has $4.94 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Indiana Trust & Investment Management CO boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 25.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,736 shares of the software giant’s stock after buying an additional 2,413 shares during the period. Microsoft makes up approximately 2.0% of Indiana Trust & Investment Management CO’s holdings, making the stock its 12th biggest holding. Indiana Trust & Investment Management CO’s holdings in Microsoft were worth $4,938,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Morris Financial Concepts Inc. raised its holdings in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares during the last quarter. Innova Wealth Partners raised its holdings in shares of Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after purchasing an additional 25 shares during the last quarter. Arkansas Financial Group Inc. raised its holdings in shares of Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after purchasing an additional 25 shares during the last quarter. Partnership Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the last quarter. Finally, Sicart Associates LLC raised its holdings in shares of Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSFT has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, May 22nd. Oppenheimer raised their target price on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. raised their target price on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Morgan Stanley raised their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, KeyCorp started coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $467.12.

Get Our Latest Report on MSFT

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 1.5 %

MSFT stock opened at $467.56 on Friday. The firm has a 50-day moving average price of $429.75 and a 200-day moving average price of $413.04. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

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, beating analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business earned $2.45 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. 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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.