Microsoft Corporation (NASDAQ:MSFT) is MidWestOne Financial Group Inc.’s 8th Largest Position

MidWestOne Financial Group Inc. increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,827 shares of the software giant’s stock after buying an additional 501 shares during the period. Microsoft comprises about 1.8% of MidWestOne Financial Group Inc.’s holdings, making the stock its 8th biggest position. MidWestOne Financial Group Inc.’s holdings in Microsoft were worth $12,994,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. Geode Capital Management LLC raised its position in shares of Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock valued at $70,720,874,000 after purchasing an additional 3,103,212 shares during the period. Norges Bank bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $44,343,058,000. Northern Trust Corp raised its position in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Microsoft by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock valued at $25,273,704,000 after purchasing an additional 5,370,546 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.2%

MSFT stock opened at $478.04 on Wednesday. The company has a market capitalization of $3.55 trillion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. Microsoft Corporation has a one year low of $344.79 and a one year high of $480.69. The company’s 50 day moving average price is $432.29 and its two-hundred day moving average price is $419.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $2.94 earnings per share. As a group, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. Citigroup boosted their price target on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. TD Securities raised their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Benchmark restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group raised their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $515.68.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now directly owns 43,930 shares of the company’s stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 75,000 shares of the company’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 sale, the insider now owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

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.