First American Bank Purchases 1,282 Shares of Microsoft Co. (NASDAQ:MSFT)

First American Bank lifted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,947 shares of the software giant's stock after buying an additional 1,282 shares during the quarter. Microsoft makes up about 5.9% of First American Bank's portfolio, making the stock its 3rd biggest position. First American Bank's holdings in Microsoft were worth $84,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Gordian Advisors LLC boosted its holdings in shares of Microsoft by 0.7% in the fourth quarter. Gordian Advisors LLC now owns 10,460 shares of the software giant's stock valued at $4,409,000 after purchasing an additional 72 shares during the period. Passive Capital Management LLC. lifted its holdings in shares of Microsoft by 75.7% in the 4th quarter. Passive Capital Management LLC. now owns 1,393 shares of the software giant's stock worth $587,000 after buying an additional 600 shares during the period. Fielder Capital Group LLC increased its stake in shares of Microsoft by 6.0% during the fourth quarter. Fielder Capital Group LLC now owns 6,038 shares of the software giant's stock valued at $2,545,000 after buying an additional 344 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Microsoft by 5.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 50,640 shares of the software giant's stock valued at $21,345,000 after acquiring an additional 2,464 shares in the last quarter. Finally, Bouchey Financial Group Ltd raised its holdings in shares of Microsoft by 4.5% in the fourth quarter. Bouchey Financial Group Ltd now owns 12,373 shares of the software giant's stock valued at $5,215,000 after acquiring an additional 531 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

MSFT stock traded down $0.90 during mid-day trading on Friday, reaching $437.27. The company's stock had a trading volume of 6,249,195 shares, compared to its average volume of 24,175,857. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $388.19 and its two-hundred day moving average is $411.61. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a market cap of $3.25 trillion, a PE ratio of 35.21, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the business posted $2.94 earnings per share. The firm's revenue was up 13.3% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSFT. JPMorgan Chase & Co. upped their price target on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Evercore ISI boosted their price objective on shares of Microsoft from $435.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. DA Davidson raised their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley lifted their price target on shares of Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $507.77.

Insider Activity

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

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.