Silver Oak Securities Incorporated Trims Position in Microsoft Corporation (NASDAQ:MSFT)

Silver Oak Securities Incorporated decreased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,617 shares of the software giant's stock after selling 1,289 shares during the quarter. Silver Oak Securities Incorporated's holdings in Microsoft were worth $8,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Newton One Investments LLC raised its stake in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. purchased a new position in Microsoft during the fourth quarter worth approximately $31,000. LSV Asset Management purchased a new position in Microsoft during the fourth quarter valued at $44,000. IFS Advisors LLC lifted its holdings in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $62,000. Institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MSFT shares. TD Securities lifted their price target on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Piper Sandler raised their target price on shares of Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Citigroup lifted their target price on shares of Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research report on Tuesday. 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. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $551.21.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last ninety days. Corporate insiders own 0.03% of the company's stock.

Microsoft Trading Up 0.6%

MSFT opened at $513.71 on Friday. The company's 50 day moving average is $483.52 and its 200-day moving average is $431.47. The company has a market cap of $3.82 trillion, a P/E ratio of 39.70, a PEG ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a 1-year low of $344.79 and a 1-year 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 released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.94 EPS. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft's payout ratio is 25.66%.

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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