Oakworth Capital Inc. Sells 3,404 Shares of Microsoft Corporation (NASDAQ:MSFT)

Oakworth Capital Inc. cut its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,971 shares of the software giant's stock after selling 3,404 shares during the period. Microsoft comprises about 1.1% of Oakworth Capital Inc.'s investment portfolio, making the stock its 22nd largest position. Oakworth Capital Inc.'s holdings in Microsoft were worth $16,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at about $31,000. Newton One Investments LLC boosted its holdings in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares in the last quarter. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter valued at about $44,000. Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $62,000. Finally, IFS Advisors LLC boosted its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,743 shares of company stock worth $24,921,913 over the last 90 days. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of Microsoft from $600.00 to $675.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Oppenheimer raised their price target on shares of Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Stifel Nicolaus raised their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, July 28th. DA Davidson raised their price target on shares of Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $650.00 price target (up from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Stock Performance

MSFT opened at $522.04 on Friday. The firm has a market capitalization of $3.88 trillion, a PE ratio of 38.27, a P/E/G ratio of 2.28 and a beta of 1.06. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The firm has a 50 day moving average of $496.85 and a two-hundred day moving average of $438.29. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business's revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $2.95 EPS. On average, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company 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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

Microsoft 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.

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