NBT Bank N A NY Sells 2,415 Shares of Microsoft Co. (NASDAQ:MSFT)

NBT Bank N A NY lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,863 shares of the software giant's stock after selling 2,415 shares during the period. Microsoft makes up 6.3% of NBT Bank N A NY's holdings, making the stock its biggest position. NBT Bank N A NY's holdings in Microsoft were worth $90,143,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. MQS Management LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $248,000. Saybrook Capital NC grew its stake in shares of Microsoft by 72.1% during the 4th quarter. Saybrook Capital NC now owns 2,311 shares of the software giant's stock worth $974,000 after purchasing an additional 968 shares during the period. SLT Holdings LLC purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $3,972,000. Sound View Wealth Advisors Group LLC lifted its stake in shares of Microsoft by 3.8% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 90,318 shares of the software giant's stock valued at $38,069,000 after purchasing an additional 3,337 shares during the period. Finally, Enterprise Financial Services Corp boosted its holdings in Microsoft by 4.9% during the fourth quarter. Enterprise Financial Services Corp now owns 26,284 shares of the software giant's stock worth $11,079,000 after buying an additional 1,234 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.3%

Microsoft stock traded up $1.14 during midday trading on Friday, hitting $454.27. 23,797,504 shares of the stock were exchanged, compared to its average volume of 21,538,550. 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 stock has a market capitalization of $3.38 trillion, a price-to-earnings ratio of 36.58, a PEG ratio of 2.21 and a beta of 0.99. The stock's 50-day simple moving average is $395.33 and its 200 day simple moving average is $412.61. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Citigroup lifted their price target on Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets increased their price target on Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Bank of America cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $509.16.

Insider Buying and Selling

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,243 shares of company stock worth $41,288,738. Company 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.