Microsoft Corporation (NASDAQ:MSFT) Holdings Cut by OLD National Bancorp IN

OLD National Bancorp IN lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 308,276 shares of the software giant's stock after selling 13,180 shares during the period. Microsoft accounts for 3.0% of OLD National Bancorp IN's holdings, making the stock its 4th biggest holding. OLD National Bancorp IN's holdings in Microsoft were worth $115,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. Geode Capital Management LLC grew its holdings in Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after purchasing an additional 3,103,212 shares during the period. Norges Bank acquired a new stake in Microsoft in the fourth quarter worth $44,343,058,000. Northern Trust Corp grew its holdings in Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 9.8% in 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 worth $25,273,704,000 after purchasing an additional 5,370,546 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Performance

MSFT traded down $1.10 during midday trading on Tuesday, reaching $496.62. The company had a trading volume of 11,831,573 shares, compared to its average volume of 21,644,968. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market cap of $3.69 trillion, a PE ratio of 38.38, a P/E/G ratio of 2.26 and a beta of 1.04. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $500.76. The business has a 50-day moving average price of $463.54 and a two-hundred day moving average price of $423.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates 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%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.94 earnings per share. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal 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 paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Wall Street Analyst Weigh In

A number of research firms have commented on MSFT. Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. Wedbush lifted their price objective on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a report on Wednesday, June 25th. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $530.00 price objective (up from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $524.71.

Microsoft Company 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.