Microsoft Co. (NASDAQ:MSFT) Shares Sold by Intrust Bank NA

Intrust Bank NA decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,044 shares of the software giant’s stock after selling 514 shares during the period. Microsoft makes up about 3.1% of Intrust Bank NA’s holdings, making the stock its 6th biggest position. Intrust Bank NA’s holdings in Microsoft were worth $30,788,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Muirfield Wealth Advisors LLC boosted its stake in 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 in the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after buying an additional 24 shares during the last quarter. Boulder Wealth Advisors LLC lifted its position in Microsoft by 1.0% during the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock worth $1,106,000 after buying an additional 25 shares in the last quarter. Sterling Group Wealth Management LLC grew its holdings in Microsoft by 0.5% during the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after acquiring an additional 25 shares during the last quarter. Finally, Kuhn & Co Investment Counsel lifted its position in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several analyst reports. DA Davidson increased their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Wedbush restated an “outperform” rating on shares of Microsoft in a report on Wednesday, May 21st. Wells Fargo & Company upped their price objective on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.13.

Microsoft Stock Up 0.2%

Microsoft stock opened at $463.87 on Thursday. The company has a market capitalization of $3.45 trillion, a P/E ratio of 37.35, a PEG ratio of 2.21 and a beta of 1.03. The stock has a 50-day simple moving average of $413.59 and a 200-day simple moving average of $415.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

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

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is currently 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.