Microsoft Corporation (NASDAQ:MSFT) is Keybank National Association OH's 4th Largest Position

Keybank National Association OH cut its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,721,486 shares of the software giant's stock after selling 47,984 shares during the period. Microsoft accounts for approximately 4.1% of Keybank National Association OH's portfolio, making the stock its 4th largest position. Keybank National Association OH's holdings in Microsoft were worth $1,021,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Microsoft by 1.5% during 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. Geode Capital Management LLC increased its position in shares of Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after acquiring an additional 3,103,212 shares in the last quarter. Norges Bank bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $44,343,058,000. Northern Trust Corp increased its position in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Microsoft by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after acquiring an additional 5,370,546 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.4%

Shares of Microsoft stock opened at $520.17 on Friday. The company's fifty day simple moving average is $502.60 and its 200-day simple moving average is $441.02. The stock has a market capitalization of $3.87 trillion, a PE ratio of 38.14, a P/E/G ratio of 2.29 and a beta of 1.06. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter last year, the company posted $2.95 EPS. The company's revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's payout ratio is 24.34%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MSFT shares. Wells Fargo & Company reissued an "overweight" rating and set a $650.00 price target (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. UBS Group reissued a "buy" rating and set a $650.00 price target (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Securities lifted their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Evercore ISI lifted their target price on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,350 shares of company stock worth $21,493,447. 0.03% of the stock is owned by corporate insiders.

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.

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