First National Bank of Mount Dora Trust Investment Services Purchases 3,542 Shares of Microsoft Corporation (NASDAQ:MSFT)

First National Bank of Mount Dora Trust Investment Services increased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,507 shares of the software giant's stock after acquiring an additional 3,542 shares during the period. Microsoft makes up about 3.2% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 4th biggest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Microsoft were worth $12,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. SJS Investment Consulting Inc. raised its stake in shares of Microsoft by 18.8% during the 1st quarter. SJS Investment Consulting Inc. now owns 8,911 shares of the software giant's stock valued at $3,345,000 after buying an additional 1,412 shares during the last quarter. Ameliora Wealth Management Ltd. raised its stake in shares of Microsoft by 0.8% during the 1st quarter. Ameliora Wealth Management Ltd. now owns 13,999 shares of the software giant's stock valued at $5,255,000 after buying an additional 114 shares during the last quarter. Crescent Sterling Ltd. raised its stake in shares of Microsoft by 1.1% during the 1st quarter. Crescent Sterling Ltd. now owns 11,854 shares of the software giant's stock valued at $4,450,000 after buying an additional 124 shares during the last quarter. MADDEN SECURITIES Corp raised its stake in shares of Microsoft by 1.4% during the 1st quarter. MADDEN SECURITIES Corp now owns 10,381 shares of the software giant's stock valued at $3,897,000 after buying an additional 139 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its stake in shares of Microsoft by 4.4% during the 1st quarter. Accurate Wealth Management LLC now owns 25,554 shares of the software giant's stock valued at $9,924,000 after buying an additional 1,087 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MSFT shares. Benchmark reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. BMO Capital Markets lifted their price objective on Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a research note on Thursday. Wall Street Zen cut Microsoft from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. The Goldman Sachs Group raised their target price on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $534.14.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider owned 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. 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 90 days. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT traded up $1.84 during mid-day trading on Friday, hitting $503.32. 16,454,184 shares of the company's stock were exchanged, compared to its average volume of 21,657,924. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $506.78. The firm has a market capitalization of $3.74 trillion, a P/E ratio of 38.90, a P/E/G ratio of 2.28 and a beta of 1.04. The business's 50 day moving average is $469.28 and its two-hundred day moving average is $425.41. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. 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 prior year, the company posted $2.94 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. Microsoft's dividend payout ratio (DPR) is presently 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.