OLD National Bancorp IN Raises Holdings in Microsoft Corporation $MSFT

Key Points

• OLD National Bancorp IN boosted its Microsoft stake by 4.5% in the first quarter, adding 14,543 shares to bring its total to 335,403 shares valued at about $124.2 million. Microsoft is now the fund’s 8th-largest holding and makes up roughly 2.1% of its portfolio.
• Microsoft’s recent news was centered on its push into enterprise AI, including the launch of Microsoft Frontier Company, a $2.5 billion business aimed at embedding engineers and consultants inside customers to accelerate AI adoption. The move is seen as supportive of Azure and Copilot usage and reinforces Microsoft’s leadership in enterprise AI.
• The stock continues to draw strong analyst support, with 41 Buy ratings and a consensus Moderate Buy rating, alongside an average price target of $560.86. Microsoft also recently beat quarterly earnings estimates, reporting $4.27 EPS on $82.89 billion in revenue and announcing a quarterly dividend of $0.91 per share.

OLD National Bancorp IN increased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 335,403 shares of the software giant's stock after buying an additional 14,543 shares during the period. Microsoft accounts for about 2.1% of OLD National Bancorp IN's holdings, making the stock its 8th largest holding. OLD National Bancorp IN's holdings in Microsoft were worth $124,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC raised its position in shares of Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant's stock worth $29,000 after purchasing an additional 20 shares during the last quarter. Bernzott Capital Advisors purchased a new position in Microsoft in the fourth quarter worth about $34,000. Timmons Wealth Management LLC bought a new position in shares of Microsoft in the fourth quarter worth approximately $36,000. Fairway Wealth LLC lifted its stake in shares of Microsoft by 287.0% in the fourth quarter. Fairway Wealth LLC now owns 89 shares of the software giant's stock worth $43,000 after buying an additional 66 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $44,000. Institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 4,500 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total value of $1,812,780.00. Following the transaction, the executive vice president owned 47,468 shares of the company's stock, valued at $19,122,009.12. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Judson Althoff sold 15,500 shares of Microsoft stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the sale, the chief executive officer owned 110,477 shares of the company's stock, valued at $50,928,792.23. The trade was a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,762 shares of company stock valued at $10,508,361 over the last 90 days. Insiders own 0.03% of the company's stock.

Microsoft News Roundup

Here are the key news stories impacting Microsoft this week:

• Positive Sentiment: Microsoft launched Microsoft Frontier Company, a new $2.5 billion AI implementation business that will embed about 6,000 engineers, consultants and support specialists inside customer operations to speed enterprise AI adoption. Reuters: Microsoft launches firm to help companies adopt AI with $2.5 billion
• Positive Sentiment: Several reports and commentary said the new AI unit reinforces Microsoft’s leadership in enterprise AI and could drive more Azure and Copilot usage, helping explain the stock’s strength. GeekWire: Microsoft announces $2.5B ‘Frontier Company' to embed AI engineers inside customers
• Positive Sentiment: Microsoft’s enterprise AI momentum was also supported by a new five-year deal with Haleon to expand AI, cloud and data technology across the health company’s operations. MarketBeat: Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
• Neutral Sentiment: Microsoft is reportedly preparing another round of layoffs, potentially affecting thousands of workers in sales, consulting and Xbox, as it keeps pouring money into AI infrastructure. This may help costs over time, but it also highlights ongoing restructuring and margin pressure. Reuters: Microsoft partners with Singapore's Lightstorm to build India-Southeast Asia undersea cable
• Negative Sentiment: Investor sentiment is also being weighed by a securities fraud class action and related deadline reminders, which add legal uncertainty to the name. PRNewswire: Microsoft Corporation (MSFT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MSFT shares. DZ Bank restated a "buy" rating on shares of Microsoft in a report on Thursday, April 30th. Mizuho cut their target price on Microsoft from $620.00 to $515.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 14th. Benchmark reissued a "buy" rating and issued a $525.00 target price (up from $450.00) on shares of Microsoft in a report on Tuesday, April 28th. Bank of America started coverage on Microsoft in a research note on Tuesday, March 24th. They issued a "buy" rating and a $500.00 price target for the company. Finally, DA Davidson decreased their target price on shares of Microsoft from $650.00 to $550.00 and set a "buy" rating on the stock in a research report on Thursday, April 30th. Forty-one research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $560.86.

Microsoft Stock Up 1.6%

Shares of MSFT opened at $390.49 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $406.99 and a 200 day moving average of $418.05. The company has a market cap of $2.90 trillion, a PE ratio of 23.24, a P/E/G ratio of 1.20 and a beta of 1.13. Microsoft Corporation has a 52-week low of $349.20 and a 52-week high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, beating analysts' consensus estimates of $4.06 by $0.21. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The business had revenue of $82.89 billion for the quarter, compared to analysts' expectations of $81.44 billion. During the same quarter in the previous year, the business posted $3.46 earnings per share. The business's revenue was up 18.3% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Corporation will post 16.76 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 annualized dividend and a yield of 0.9%. Microsoft's dividend payout ratio (DPR) is presently 21.67%.

About Microsoft

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft's product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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