Microsoft Co. (NASDAQ:MSFT) Shares Sold by Idaho Trust Bank

Idaho Trust Bank reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,140 shares of the software giant’s stock after selling 1,003 shares during the period. Microsoft makes up 1.3% of Idaho Trust Bank’s holdings, making the stock its 25th largest position. Idaho Trust Bank’s holdings in Microsoft were worth $2,588,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC grew its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management boosted its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the third quarter worth about $62,000. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft in the fourth quarter worth about $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MSFT shares. Cantor Fitzgerald upped their target price on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. BMO Capital Markets upped their target price on Microsoft from $470.00 to $485.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Raymond James upped their target price on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Barclays upped their target price on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $510.30.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,243 shares of company stock worth $41,288,738. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $454.27 on Monday. The stock has a market cap of $3.38 trillion, a PE ratio of 36.58, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a 50 day moving average price of $395.33 and a 200 day moving average price of $412.34.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.94 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.73%. Microsoft’s payout ratio is 25.66%.

Microsoft 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.