Bremer Bank National Association Has $9.60 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Bremer Bank National Association lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,561 shares of the software giant's stock after purchasing an additional 1,102 shares during the quarter. Microsoft makes up about 1.7% of Bremer Bank National Association's holdings, making the stock its 12th biggest position. Bremer Bank National Association's holdings in Microsoft were worth $9,595,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $38,000. LSV Asset Management bought a new stake in Microsoft in the 4th quarter valued at $44,000. Fairway Wealth LLC bought a new stake in Microsoft in the 4th quarter valued at $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in Microsoft in the 4th quarter valued at $120,000. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, May 1st. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. UBS Group reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Westpark Capital reissued a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Wedbush increased their price target on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and a consensus price target of $521.14.

Microsoft Stock Down 0.3%

Shares of NASDAQ:MSFT opened at $495.94 on Monday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $499.30. The company's 50-day moving average price is $449.47 and its two-hundred day moving average price is $421.74. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data 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 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The company's revenue was up 13.3% on a year-over-year basis. As a group, research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by insiders.

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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