CHICAGO TRUST Co NA Has $25.57 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

CHICAGO TRUST Co NA trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,103 shares of the software giant's stock after selling 2,280 shares during the period. Microsoft comprises approximately 4.5% of CHICAGO TRUST Co NA's holdings, making the stock its 3rd biggest holding. CHICAGO TRUST Co NA's holdings in Microsoft were worth $25,565,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MSFT. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter worth $44,343,058,000. GAMMA Investing LLC grew its stake in shares of Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after buying an additional 46,579,693 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares in the last quarter. Northern Trust Corp boosted its holdings in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. grew its position in 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 acquiring an additional 10,431,988 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of MSFT traded up $1.84 during mid-day trading on Friday, reaching $503.32. 16,454,184 shares of the company's stock traded hands, compared to its average volume of 21,652,165. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78. The stock has a market capitalization of $3.74 trillion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The business's 50-day moving average price is $470.64 and its 200-day moving average price is $425.85. 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 - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.94 EPS. Equities analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last ninety days. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. UBS Group restated a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Raymond James Financial lifted their price objective on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Tigress Financial raised their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Wells Fargo & Company upped their price target on shares of Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $534.14.

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.