City State Bank Has $5.49 Million Position in Microsoft Corporation (NASDAQ:MSFT)

City State Bank lifted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,628 shares of the software giant's stock after purchasing an additional 604 shares during the quarter. Microsoft accounts for about 1.8% of City State Bank's investment portfolio, making the stock its 15th largest holding. City State Bank's holdings in Microsoft were worth $5,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MSFT. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the 4th quarter worth about $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at approximately $38,000. LSV Asset Management acquired a new stake in Microsoft in the 4th quarter valued at approximately $44,000. Fairway Wealth LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $62,000. Finally, IFS Advisors LLC grew its holdings in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale 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 business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several analyst reports. Stifel Nicolaus raised their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Citigroup raised their target price on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Jefferies Financial Group raised their target price on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Mizuho raised their target price on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group raised their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

Microsoft Trading Down 0.4%

NASDAQ:MSFT traded down $2.02 on Tuesday, reaching $495.70. The company's stock had a trading volume of 4,261,167 shares, compared to its average volume of 21,615,771. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $500.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm has a market cap of $3.68 trillion, a PE ratio of 38.31, a PEG ratio of 2.26 and a beta of 1.04. The business's 50-day moving average price is $463.54 and its two-hundred day moving average price is $423.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the firm earned $2.94 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.