NBT Bank N A NY Sells 3,220 Shares of Microsoft Corporation (NASDAQ:MSFT)

NBT Bank N A NY cut its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,643 shares of the software giant's stock after selling 3,220 shares during the quarter. Microsoft comprises 5.7% of NBT Bank N A NY's portfolio, making the stock its biggest position. NBT Bank N A NY's holdings in Microsoft were worth $79,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fosun International Ltd grew its stake in shares of Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after acquiring an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC increased its holdings in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after buying an additional 24 shares during the last quarter. Retirement Financial Solutions LLC increased its holdings in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after buying an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel increased its holdings in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group increased its holdings in Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the company'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 transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of the company's 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 transaction, the insider owned 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSFT. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Cantor Fitzgerald reissued an "overweight" rating and issued a $581.00 price objective (up from $512.00) on shares of Microsoft in a report on Wednesday, July 16th. Wedbush reissued an "outperform" rating and issued a $600.00 price objective on shares of Microsoft in a report on Friday. Scotiabank lifted their target price on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Finally, Evercore ISI lifted their target price on Microsoft from $515.00 to $545.00 and gave the company an "outperform" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $551.21.

Microsoft Price Performance

NASDAQ MSFT traded up $2.83 on Friday, reaching $513.71. The company's stock had a trading volume of 19,103,456 shares, compared to its average volume of 16,594,816. The firm has a market cap of $3.82 trillion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The business has a 50-day moving average price of $483.52 and a 200 day moving average price of $431.52. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $518.29. 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 issued its quarterly earnings data 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 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.94 earnings per share. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft's dividend payout ratio is 25.66%.

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.