Microsoft Co. (NASDAQ:MSFT) is First Bank & Trust’s 6th Largest Position

First Bank & Trust lifted its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 35,242 shares of the software giant’s stock after acquiring an additional 214 shares during the quarter. Microsoft makes up 3.1% of First Bank & Trust’s investment portfolio, making the stock its 6th largest position. First Bank & Trust’s holdings in Microsoft were worth $14,827,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. boosted its holdings in shares of Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares during the period. Gunderson Capital Management Inc. boosted its stake in Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after purchasing an additional 185 shares during the period. Rappaport Reiches Capital Management LLC grew its holdings in Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after buying an additional 1,067 shares in the last quarter. Bayesian Capital Management LP increased its position in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after buying an additional 18,200 shares during the period. Finally, RNC Capital Management LLC lifted its holdings in shares of Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after buying an additional 6,484 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was 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 in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MSFT shares. BMO Capital Markets increased their target price on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Tigress Financial lifted their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. New Street Research began coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. Wells Fargo & Company lifted their price target on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Oppenheimer upped their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Read Our Latest Analysis on Microsoft

Microsoft Stock Performance

NASDAQ:MSFT opened at $466.24 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The stock has a market cap of $3.47 trillion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The firm’s fifty day simple moving average is $431.03 and its 200 day simple moving average is $413.99.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. Microsoft’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 earnings per share. As a group, research analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.64%. Microsoft’s dividend payout ratio is presently 25.97%.

Microsoft Company 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)

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