First National Bank of Mount Dora Trust Investment Services boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,507 shares of the software giant's stock after purchasing an additional 3,542 shares during the period. Microsoft makes up 3.2% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 4th biggest position. First National Bank of Mount Dora Trust Investment Services' holdings in Microsoft were worth $12,954,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake in 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 acquiring an additional 1,412 shares during the last quarter. Ameliora Wealth Management Ltd. boosted its stake in 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 acquiring an additional 114 shares during the last quarter. Crescent Sterling Ltd. boosted its stake in 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 acquiring an additional 124 shares during the last quarter. MADDEN SECURITIES Corp lifted its position in shares of Microsoft by 1.4% in the 1st quarter. MADDEN SECURITIES Corp now owns 10,381 shares of the software giant's stock worth $3,897,000 after buying an additional 139 shares during the last quarter. Finally, Accurate Wealth Management LLC lifted its position in shares of Microsoft by 4.4% in the 1st quarter. Accurate Wealth Management LLC now owns 25,554 shares of the software giant's stock worth $9,924,000 after buying an additional 1,087 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently issued reports on MSFT. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Stifel Nicolaus raised their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group raised their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $534.14.
Check Out Our Latest Analysis on Microsoft
Microsoft Stock Down 0.4%
Microsoft stock opened at $501.48 on Friday. The stock has a market cap of $3.73 trillion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.28 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company's 50-day moving average price is $469.28 and its two-hundred day moving average price is $425.41. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $506.78.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.94 EPS. On average, analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio is currently 25.66%.
Insider Buying and Selling
In other news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.
Microsoft Profile
(
Free Report)
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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