UMB Bank n.a. Has $244.59 Million Stake in Microsoft Co. (NASDAQ:MSFT)

UMB Bank n.a. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 581,348 shares of the software giant’s stock after selling 14,802 shares during the period. Microsoft comprises approximately 3.9% of UMB Bank n.a.’s investment portfolio, making the stock its 4th biggest holding. UMB Bank n.a.’s holdings in Microsoft were worth $244,585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Friedenthal Financial purchased a new position in Microsoft during the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new position in Microsoft during the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC increased its holdings in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the period. PayPay Securities Corp grew its holdings in Microsoft by 23.7% in 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. Finally, Horizon Financial Services LLC purchased a new position in Microsoft in the first quarter worth $80,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MSFT shares. Argus lifted their price target on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, April 26th. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. Tigress Financial lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Finally, New Street Research started coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. Three investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $469.86.

View Our Latest Stock Analysis on MSFT

Microsoft Trading Down 1.4 %

MSFT stock opened at $459.54 on Wednesday. The company’s 50-day simple moving average is $432.43 and its 200-day simple moving average is $414.59. 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 52-week low of $309.45 and a 52-week high of $468.35. The firm has a market cap of $3.42 trillion, a P/E ratio of 39.79, a PEG ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results 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. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period in the prior year, the company posted $2.45 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The business 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 0.65%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last 90 days. Insiders own 0.03% of the company’s stock.

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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