Citizens & Northern Corp Has $13.75 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Citizens & Northern Corp boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 32,618 shares of the software giant’s stock after buying an additional 440 shares during the period. Microsoft makes up approximately 3.8% of Citizens & Northern Corp’s holdings, making the stock its 8th largest holding. Citizens & Northern Corp’s holdings in Microsoft were worth $13,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BCK Partners Inc. lifted its position in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after acquiring an additional 24 shares during the period. Muirfield Wealth Advisors LLC raised its stake in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the last quarter. Sequent Asset Management LLC lifted its holdings in shares of Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC boosted its position in Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after buying an additional 25 shares during the last quarter. Finally, Riverstone Advisors LLC increased its holdings in Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after buying an additional 25 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Down 1.0 %

MSFT stock opened at $367.78 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $388.25 and a two-hundred day moving average of $412.70. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the company earned $2.93 EPS. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $475.00 price objective (down from $500.00) on shares of Microsoft in a research note on Monday, April 7th. DA Davidson raised shares of Microsoft from a “neutral” rating to a “buy” rating and raised their target price for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research note on Thursday. Finally, Mizuho decreased their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $499.97.

Microsoft Company Profile

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.