First Hawaiian Bank Sells 3,483 Shares of Microsoft Corporation (NASDAQ:MSFT)

First Hawaiian Bank trimmed its position in Microsoft Corporation (NASDAQ:MSFT) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,052 shares of the software giant’s stock after selling 3,483 shares during the period. Microsoft accounts for approximately 1.8% of First Hawaiian Bank’s investment portfolio, making the stock its 9th biggest holding. First Hawaiian Bank’s holdings in Microsoft were worth $30,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the 4th quarter valued at about $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC lifted its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. LSV Asset Management purchased a new position in Microsoft in the 4th quarter valued at about $44,000. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the 4th quarter worth approximately $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

MSFT opened at $490.11 on Wednesday. The company has a fifty day simple moving average of $441.90 and a 200 day simple moving average of $420.91. The firm has a market cap of $3.64 trillion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.47 and a beta of 1.03. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $491.85. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last released its earnings results 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. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm earned $2.94 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction 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 approximately $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MSFT shares. The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Stifel Nicolaus raised their target price 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. Raymond James Financial raised their target price on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Wells Fargo & Company restated an “overweight” rating and set a $565.00 price target (up previously from $515.00) on shares of Microsoft in a report on Friday, June 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $515.68.

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.