Microsoft Corporation (NASDAQ:MSFT) Shares Bought by First National Bank Sioux Falls

First National Bank Sioux Falls grew its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 17.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,841 shares of the software giant's stock after buying an additional 1,301 shares during the quarter. Microsoft accounts for approximately 1.3% of First National Bank Sioux Falls' investment portfolio, making the stock its 19th biggest holding. First National Bank Sioux Falls' holdings in Microsoft were worth $3,319,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wealthcare Capital Management LLC grew its stake in Microsoft by 18.4% in the 1st quarter. Wealthcare Capital Management LLC now owns 3,118 shares of the software giant's stock valued at $1,170,000 after buying an additional 484 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Microsoft by 16.8% in the first quarter. Harbor Capital Advisors Inc. now owns 48,420 shares of the software giant's stock worth $18,176,000 after acquiring an additional 6,976 shares in the last quarter. Olstein Capital Management L.P. grew its position in Microsoft by 5.3% in the first quarter. Olstein Capital Management L.P. now owns 10,000 shares of the software giant's stock worth $3,754,000 after acquiring an additional 500 shares in the last quarter. Regatta Capital Group LLC grew its position in Microsoft by 5.9% in the first quarter. Regatta Capital Group LLC now owns 23,426 shares of the software giant's stock worth $8,794,000 after acquiring an additional 1,314 shares in the last quarter. Finally, Parisi Gray Wealth Management grew its position in Microsoft by 5.8% in the first quarter. Parisi Gray Wealth Management now owns 25,872 shares of the software giant's stock worth $9,712,000 after acquiring an additional 1,421 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

NASDAQ:MSFT traded up $1.84 during trading hours on Friday, hitting $503.32. 16,454,184 shares of the stock traded hands, compared to its average volume of 21,657,924. The stock has a 50 day moving average price of $469.28 and a 200 day moving average price of $425.41. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.94 EPS. Sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Jefferies Financial Group boosted their target price on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. UBS Group restated a "positive" rating on shares of Microsoft in a research report on Monday, June 30th. Finally, Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $534.14.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is currently owned by insiders.

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.