Keybank National Association OH Has $1.03 Billion Holdings in Microsoft Corporation $MSFT

Key Points

• Keybank National Association OH slightly trimmed its Microsoft stake by 0.2% in the first quarter, but still held 2.77 million shares worth about $1.03 billion. Microsoft remained its third-largest holding and made up 3.7% of its portfolio.
• Microsoft continues to draw strong institutional and analyst support, with institutional investors owning 71.13% of the stock and analysts keeping a consensus Moderate Buy rating with an average target price of $559.84.
• The company recently beat quarterly earnings estimates, reporting $4.27 EPS and $82.89 billion in revenue, but investors are weighing that strength against concerns including job cuts, restructuring, and AI-related legal and execution risks.

Keybank National Association OH lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,771,373 shares of the software giant's stock after selling 4,440 shares during the period. Microsoft makes up 3.7% of Keybank National Association OH's investment portfolio, making the stock its 3rd biggest holding. Keybank National Association OH's holdings in Microsoft were worth $1,025,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Longfellow Investment Management Co. LLC grew its stake in Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant's stock valued at $29,000 after acquiring an additional 20 shares during the period. Bernzott Capital Advisors bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $34,000. Timmons Wealth Management LLC acquired a new position in shares of Microsoft during the fourth quarter worth approximately $36,000. Fairway Wealth LLC raised its position in shares of Microsoft by 287.0% during the fourth quarter. Fairway Wealth LLC now owns 89 shares of the software giant's stock worth $43,000 after purchasing an additional 66 shares during the period. Finally, University of Illinois Foundation bought a new position in shares of Microsoft in the 2nd quarter worth $50,000. Institutional investors own 71.13% of the company's stock.

Key Microsoft News

Here are the key news stories impacting Microsoft this week:

• Positive Sentiment: Analysts and market commentators continue to view Microsoft as a high-quality AI and cloud name, with some arguing the stock looks cheaper after the recent decline.
• Positive Sentiment: Upcoming earnings later this month could provide a catalyst if Azure growth and AI-related demand remain strong.
• Neutral Sentiment: Microsoft remains a major beneficiary of AI infrastructure spending, but investors are waiting for clearer proof that those investments will translate into faster profit growth.
• Negative Sentiment: Microsoft’s 4,800-job reduction and Xbox restructuring suggest ongoing cost pressure and restructuring challenges.
• Negative Sentiment: Multiple securities class-action alerts tied to alleged AI/Copilot disclosure issues are adding legal and reputational risk.
• Negative Sentiment: Concerns about Microsoft’s OpenAI partnership and AI product execution are creating uncertainty around the company’s AI narrative.

Microsoft Stock Performance

MSFT stock opened at $384.93 on Wednesday. The firm has a market cap of $2.86 trillion, a PE ratio of 22.91, a P/E/G ratio of 1.19 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $401.47 and a 200-day moving average of $412.68. Microsoft Corporation has a 12-month low of $349.20 and a 12-month high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.06 by $0.21. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The business had revenue of $82.89 billion for the quarter, compared to analyst estimates of $81.44 billion. During the same period last year, the company posted $3.46 earnings per share. Microsoft's quarterly revenue was up 18.3% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Corporation will post 16.71 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Microsoft's dividend payout ratio (DPR) is currently 21.67%.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 4,500 shares of the business's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total value of $1,812,780.00. Following the transaction, the executive vice president directly owned 47,468 shares of the company's stock, valued at approximately $19,122,009.12. The trade was a 8.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Judson Althoff sold 15,500 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the transaction, the chief executive officer owned 110,477 shares of the company's stock, valued at approximately $50,928,792.23. The trade was a 12.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,762 shares of company stock worth $10,508,361 in the last ninety days. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Microsoft in a research note on Monday, July 6th. Guggenheim reaffirmed a "buy" rating and issued a $586.00 price objective on shares of Microsoft in a research note on Thursday, April 30th. UBS Group reiterated a "buy" rating on shares of Microsoft in a report on Friday, April 24th. Mizuho decreased their target price on shares of Microsoft from $620.00 to $515.00 and set an "outperform" rating for the company in a research report on Tuesday, April 14th. Finally, HSBC lowered their target price on shares of Microsoft from $593.00 to $571.00 in a report on Thursday, April 30th. Forty-one investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $559.84.

Microsoft Company 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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