Microsoft Co. (NASDAQ:MSFT) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 317,930 shares of the software giant’s stock after purchasing an additional 39 shares during the quarter. Microsoft comprises about 3.3% of OLD National Bancorp IN’s holdings, making the stock its 3rd biggest holding. OLD National Bancorp IN’s holdings in Microsoft were worth $142,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Friedenthal Financial purchased a new stake in Microsoft during the 4th quarter worth about $45,000. Neo Ivy Capital Management purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $58,000. Richardson Capital Management LLC raised its holdings in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after acquiring an additional 129 shares in the last quarter. PayPay Securities Corp lifted its stake 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 acquiring an additional 36 shares during the last quarter. Finally, Bellevue Group AG grew its holdings in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $417.14 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The firm has a market capitalization of $3.10 trillion, a P/E ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.90. The company’s fifty day moving average is $431.69 and its two-hundred day moving average is $422.89.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.72%. Microsoft’s dividend payout ratio is presently 25.97%.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Wedbush reiterated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. TD Cowen boosted their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. New Street Research assumed coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock. Finally, Argus boosted their target price on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $494.72.

About Microsoft

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.