Citizens Business Bank reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 28,123 shares of the software giant’s stock after selling 493 shares during the quarter. Microsoft comprises approximately 2.5% of Citizens Business Bank’s holdings, making the stock its 6th biggest position. Citizens Business Bank’s holdings in Microsoft were worth $11,832,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Friedenthal Financial bought a new position in shares of Microsoft during the 4th quarter worth approximately $45,000. Richardson Capital Management LLC boosted its stake in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the period. Neo Ivy Capital Management bought a new position in shares of Microsoft during the 4th quarter worth approximately $58,000. PayPay Securities Corp lifted its holdings in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the last quarter. Finally, Cooksen Wealth LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $86,000. 71.13% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Microsoft
In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares in the company, valued at approximately $19,686,433. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares in the company, valued at approximately $19,686,433. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.
Microsoft Trading Up 1.5 %
Shares of MSFT stock opened at $466.25 on Thursday. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 40.37, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $433.86 and its 200 day simple moving average is $414.95.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the previous year, the company posted $2.45 EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts predict that Microsoft Co. will post 11.77 EPS for the current fiscal year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MSFT. New Street Research began coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price target for the company. Oppenheimer lifted their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. KeyCorp began coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, BMO Capital Markets lifted their price target on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and thirty-three 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 price target of $469.86.
View Our Latest Research Report on Microsoft
Microsoft Company 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.
Featured Articles
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.