Canandaigua National Bank & Trust Co. Purchases 3,647 Shares of Microsoft Corporation $MSFT

Key Points

• Canandaigua National Bank & Trust Co. increased its stake in Microsoft by 4.4%, acquiring an additional 3,647 shares, bringing its total holdings to 87,026 shares valued at $43.29 million.
• Microsoft reported $3.65 EPS for the last quarter, outperforming analyst expectations, with revenues of $76.44 billion, marking an 18.1% increase year-over-year.
• The company has announced a quarterly dividend increase to $0.91 per share, reflecting a 9.6% rise from its previous dividend of $0.83.

Canandaigua National Bank & Trust Co. increased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,026 shares of the software giant's stock after acquiring an additional 3,647 shares during the quarter. Microsoft makes up about 4.0% of Canandaigua National Bank & Trust Co.'s portfolio, making the stock its 3rd biggest holding. Canandaigua National Bank & Trust Co.'s holdings in Microsoft were worth $43,288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. lifted its position in Microsoft by 1.1% in the first quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant's stock valued at $259,539,471,000 after buying an additional 7,314,509 shares during the last quarter. Geode Capital Management LLC increased its stake in Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after purchasing an additional 3,103,212 shares during the period. Norges Bank purchased a new stake in Microsoft during the fourth quarter worth about $44,343,058,000. Northern Trust Corp increased its stake in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $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 increased its stake in Microsoft by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 62,267,822 shares of the software giant's stock worth $23,374,718,000 after purchasing an additional 2,306,485 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Up 1.9%

Microsoft stock opened at $517.93 on Friday. The stock has a market cap of $3.85 trillion, a PE ratio of 37.97, a P/E/G ratio of 2.26 and a beta of 1.04. The stock has a 50-day moving average price of $511.71 and a 200 day moving average price of $458.31. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%.The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 EPS. Microsoft has set its Q1 2026 guidance at EPS. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, November 20th. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. This is a boost from Microsoft's previous quarterly dividend of $0.83. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 149,205 shares of Microsoft stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the completion of the sale, the chief executive officer owned 790,852 shares in the company, valued at approximately $399,206,272.56. This trade represents a 15.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares of the company's stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. KeyCorp upgraded shares of Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 price target on the stock in a research note on Thursday, July 31st. Barclays reiterated an "overweight" rating and set a $625.00 price target on shares of Microsoft in a research note on Friday, August 29th. Raymond James Financial boosted their price target on shares of Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, July 31st. Finally, Citigroup upped their target price on shares of Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $612.54.

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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