Bond & Devick Financial Network Inc. Sells 936 Shares of Microsoft Corporation (NASDAQ:MSFT)

Bond & Devick Financial Network Inc. trimmed its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,588 shares of the software giant's stock after selling 936 shares during the period. Microsoft comprises about 1.7% of Bond & Devick Financial Network Inc.'s investment portfolio, making the stock its 15th largest position. Bond & Devick Financial Network Inc.'s holdings in Microsoft were worth $4,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the fourth quarter worth $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $38,000. LSV Asset Management acquired a new position in shares of Microsoft during the 4th quarter worth about $44,000. Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $62,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Microsoft during the 4th quarter valued at about $120,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of MSFT stock opened at $495.94 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $499.30. The company has a market cap of $3.69 trillion, a P/E ratio of 38.33, a P/E/G ratio of 2.52 and a beta of 1.03. The business has a fifty day simple moving average of $449.47 and a 200 day simple moving average of $422.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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 business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.94 EPS. On average, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's dividend payout ratio is presently 25.66%.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares of the company's stock, valued at $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last ninety days. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MSFT shares. Wedbush lifted their price objective on Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a report on Wednesday. Cantor Fitzgerald upped their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Scotiabank upped their price objective on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. TD Securities increased their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group increased their price target on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $521.14.

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.

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