NBC Securities Inc. Grows Holdings in Microsoft Corporation (NASDAQ:MSFT)

NBC Securities Inc. boosted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 100,627.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,582 shares of the software giant's stock after buying an additional 80,502 shares during the quarter. Microsoft makes up approximately 2.6% of NBC Securities Inc.'s investment portfolio, making the stock its 3rd largest position. NBC Securities Inc.'s holdings in Microsoft were worth $30,250,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the fourth quarter worth $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter valued at $38,000. LSV Asset Management bought a new position in Microsoft during the 4th quarter worth $44,000. Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter worth about $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in Microsoft during the 4th quarter worth about $120,000. Institutional investors own 71.13% of the company's stock.

Insider Activity

In other news, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were 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 represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

MSFT opened at $495.94 on Friday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $499.30. The company has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03. The company's fifty day moving average price is $449.47 and its two-hundred day moving average price is $422.12. 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 earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the business posted $2.94 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. On average, analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business 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. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group upped their target price on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Raymond James Financial raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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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