Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co boosted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,169 shares of the software giant's stock after buying an additional 724 shares during the period. Microsoft makes up about 5.5% of Enterprise Bank & Trust Co's holdings, making the stock its 3rd biggest position. Enterprise Bank & Trust Co's holdings in Microsoft were worth $14,328,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter valued at $38,000. LSV Asset Management purchased a new stake in shares of Microsoft during the 4th quarter worth $44,000. Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Microsoft during the 4th quarter worth $120,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $495.94 on Friday. The company has a market cap of $3.69 trillion, a P/E ratio of 38.33, a P/E/G ratio of 2.52 and a beta of 1.03. The business has a fifty day simple moving average of $449.47 and a 200-day simple moving average of $422.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $499.30. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 earnings per share. Equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's payout ratio is 25.66%.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Piper Sandler restated an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Wells Fargo & Company upped their target price on Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $521.14.

About Microsoft

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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