Microsoft Corporation (NASDAQ:MSFT) is Tompkins Financial Corp’s 4th Largest Position

Tompkins Financial Corp lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 0.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 121,329 shares of the software giant’s stock after acquiring an additional 266 shares during the period. Microsoft makes up approximately 4.4% of Tompkins Financial Corp’s investment portfolio, making the stock its 4th largest holding. Tompkins Financial Corp’s holdings in Microsoft were worth $45,546,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Muirfield Wealth Advisors LLC grew its holdings in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC lifted its position in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after acquiring an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC boosted its stake in Microsoft by 0.5% during the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after purchasing an additional 25 shares during the period. Kuhn & Co Investment Counsel boosted its stake in Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group grew its position in Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MSFT. Scotiabank raised their price objective on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday, May 21st. TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Benchmark restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Mizuho boosted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $515.68.

Get Our Latest Research Report on Microsoft

Microsoft Trading Up 0.8%

NASDAQ:MSFT opened at $490.11 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $441.90 and a 200 day moving average price of $420.91. The firm has a market cap of $3.64 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $491.85.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 EPS. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.68%. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Activity

In other news, EVP Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at $21,647,150.58. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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