NBT Bank N A NY lowered its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,268 shares of the software giant’s stock after selling 2,020 shares during the quarter. Microsoft comprises 4.5% of NBT Bank N A NY’s portfolio, making the stock its 3rd biggest holding. NBT Bank N A NY’s holdings in Microsoft were worth $31,421,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in MSFT. Vanguard Group Inc. grew its position in shares of Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares in the last quarter. State Street Corp boosted its stake in Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares during the period. FMR LLC grew its holdings in Microsoft by 0.8% during the 1st quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after buying an additional 1,537,712 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after buying an additional 150,053,637 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors.
Insider Activity
In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Kathleen T. Hogan sold 26,815 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the sale, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock worth $38,195,619 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.
Microsoft Stock Performance
Shares of MSFT stock opened at $340.67 on Thursday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78. The company’s 50 day moving average is $326.19 and its 200 day moving average is $324.09. The firm has a market cap of $2.53 trillion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.35 and a beta of 0.91. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, beating the consensus estimate of $2.65 by $0.34. The firm had revenue of $56.52 billion during the quarter, compared to analyst estimates of $54.52 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $2.35 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 10.9 EPS for the current fiscal year.
Microsoft Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio is currently 30.96%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on MSFT shares. Bank of America raised their target price on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Argus lifted their target price on Microsoft from $371.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Loop Capital assumed coverage on Microsoft in a research note on Tuesday, October 17th. They set a “buy” rating and a $425.00 price target for the company. UBS Group raised Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $345.00 to $400.00 in a research note on Friday, July 14th. Finally, Piper Sandler raised their target price on shares of Microsoft from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $379.93.
Check Out Our Latest Stock Report on Microsoft
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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