Fulton Bank N.A. Has $42.88 Million Stake in Microsoft Corporation $MSFT

Key Points

• Fulton Bank N.A. cut its Microsoft stake by 2.6% in the second quarter, selling 3,087 shares and retaining 114,955 shares valued at approximately $42.88 million. Microsoft represents 1.3% of the bank’s portfolio and is its 17th-largest holding.
• Microsoft reported quarterly revenue of $90.01 billion and earnings of $4.74 per share, beating analyst expectations, with revenue up 17.7% year over year. Shares opened at $496.37, while the company maintains a $0.91 quarterly dividend.
• Analysts remain broadly positive, giving Microsoft a consensus “Moderate Buy” rating and a $560.27 price target. However, investors continue to weigh strong AI demand and backlog growth against heavy data-center spending, rising costs and limited disclosure on AI returns.

Fulton Bank N.A. reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,955 shares of the software giant's stock after selling 3,087 shares during the period. Microsoft accounts for approximately 1.3% of Fulton Bank N.A.'s investment portfolio, making the stock its 17th biggest position. Fulton Bank N.A.'s holdings in Microsoft were worth $42,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC increased its position in Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant's stock valued at $29,000 after purchasing an additional 20 shares during the period. Bernzott Capital Advisors acquired a new position in shares of Microsoft in the 4th quarter worth approximately $34,000. Timmons Wealth Management LLC acquired a new position in shares of Microsoft in the 4th quarter worth approximately $36,000. Fairway Wealth LLC boosted its stake in shares of Microsoft by 287.0% in the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant's stock valued at $43,000 after purchasing an additional 66 shares during the last quarter. Finally, LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter valued at $44,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Microsoft

Here are the key news stories impacting Microsoft this week:

• Positive Sentiment: Microsoft agreed to a long-term partnership with Saudi Arabia’s HUMAIN to bring its ALLAM Arabic-language AI models to Microsoft Foundry and Microsoft 365 Copilot. The deal expands Azure’s enterprise AI reach in the Middle East and adds regional-language capabilities to Microsoft’s ecosystem. Microsoft Expands Middle East AI Footprint Through Long-Term HUMAIN Deal
• Positive Sentiment: China’s Moonshot AI is reportedly discussing revenue-sharing arrangements with Microsoft, Amazon and Alphabet that could allow the cloud providers to host its Kimi K3 model. If completed, the arrangement could generate additional Azure consumption and provide access to a large pool of enterprise AI customers. China's Moonshot in talks with Microsoft, Amazon, Google over K3 revenue sharing
• Positive Sentiment: Microsoft’s roughly $678 billion commercial backlog and growing reliance on Azure for AI workloads—including demand from major customers such as Meta—continue to reinforce the long-term revenue outlook. Pershing Square’s decision to make Microsoft its largest AI holding also provides a favorable institutional signal. Microsoft Rises as $678 Billion Backlog Defies Tech Selloff
• Neutral Sentiment: Microsoft is developing its own Maia 300 AI chip, potentially reducing dependence on third-party GPUs and improving inference economics over time. However, custom silicon requires significant upfront investment, and the financial benefits remain unproven. OpenAI’s Jalapeño Chip Could Change the AI Hardware Race
• Negative Sentiment: Investors remain concerned that Microsoft’s AI capacity is converting into cash more slowly than expected. Fulfilling the backlog requires a historically large data-center buildout, while rising memory and server costs are increasing pressure on capital spending and near-term margins. Microsoft's AI Capacity Is Selling - But Cash Conversion Is Lagging
• Negative Sentiment: Critics say Microsoft provides insufficient disclosure on AI revenue, costs and capital allocation, making it difficult to assess returns on its AI investments. A slightly hotter-than-expected core PCE reading also creates a broader valuation headwind for richly valued technology shares. Microsoft Is Leaving Investors Flying Blind on Its AI Businesses

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. Citizens Jmp reissued a "market outperform" rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, July 28th. DA Davidson reaffirmed a "buy" rating and set a $550.00 price target on shares of Microsoft in a research report on Thursday, July 30th. Oppenheimer reiterated an "outperform" rating and set a $515.00 price target on shares of Microsoft in a report on Wednesday, July 22nd. Argus decreased their price target on Microsoft from $620.00 to $510.00 and set a "buy" rating for the company in a report on Friday, July 10th. Finally, China Renaissance lowered their price objective on Microsoft from $630.00 to $550.00 and set a "buy" rating for the company in a research report on Monday, May 4th. Forty-two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $560.27.

Microsoft Stock Up 0.9%

Shares of NASDAQ MSFT opened at $496.37 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.23 and a quick ratio of 1.22. The company has a 50-day moving average price of $425.67 and a 200-day moving average price of $411.00. The stock has a market capitalization of $3.69 trillion, a P/E ratio of 27.64, a P/E/G ratio of 1.58 and a beta of 1.11. Microsoft Corporation has a 1 year low of $349.20 and a 1 year high of $553.72.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.50. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The company had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter in the prior year, the business posted $3.65 EPS. The firm's revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Corporation will post 19.59 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. Microsoft's dividend payout ratio is 20.27%.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 4,810 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the completion of the sale, the executive vice president owned 42,677 shares in the company, valued at approximately $21,188,276.96. This represents a 10.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Judson Althoff sold 15,500 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $460.99, for a total value of $7,145,345.00. Following the completion of the sale, the chief executive officer directly owned 110,477 shares of the company's stock, valued at $50,928,792.23. The trade was a 12.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,310 shares of company stock worth $17,256,219 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

Microsoft Profile

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft's product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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