Intrust Bank NA Buys 1,141 Shares of Microsoft Corporation $MSFT

Intrust Bank NA boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,115 shares of the software giant’s stock after purchasing an additional 1,141 shares during the period. Microsoft accounts for about 3.2% of Intrust Bank NA’s investment portfolio, making the stock its 4th biggest holding. Intrust Bank NA’s holdings in Microsoft were worth $36,368,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in MSFT. Bulwark Capital Corp acquired a new stake in Microsoft in the second quarter valued at $32,000. Westend Capital Management LLC raised its holdings in shares of Microsoft by 386.7% in the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after purchasing an additional 58 shares during the period. LSV Asset Management acquired a new stake in Microsoft in the 4th quarter valued at about $44,000. ROSS JOHNSON & Associates LLC grew its holdings in Microsoft by 155.7% during the first quarter. ROSS JOHNSON & Associates LLC now owns 156 shares of the software giant’s stock worth $59,000 after purchasing an additional 95 shares during the period. Finally, PayPay Securities Corp increased its position in Microsoft by 29.9% during the second quarter. PayPay Securities Corp now owns 126 shares of the software giant’s stock worth $63,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MSFT shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Microsoft in a research note on Wednesday, November 19th. Daiwa Capital Markets cut their price target on Microsoft from $640.00 to $630.00 and set a “buy” rating for the company in a report on Friday, November 7th. Cowen reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 24th. Wedbush reissued an “outperform” rating and issued a $625.00 price objective on shares of Microsoft in a research report on Wednesday, October 22nd. Finally, Guggenheim set a $675.00 target price on shares of Microsoft in a research note on Wednesday, November 19th. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $632.34.

Microsoft Trading Up 0.5%

Shares of Microsoft stock opened at $483.16 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 1.40. The firm has a 50-day moving average of $507.29 and a 200-day moving average of $501.25. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The stock has a market cap of $3.59 trillion, a PE ratio of 34.36, a PEG ratio of 1.81 and a beta of 1.07.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.48. The business had revenue of $77.67 billion for the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. Microsoft’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $3.30 earnings per share. As a group, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft’s payout ratio is presently 25.89%.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the transaction, the executive vice president owned 55,782 shares in the company, valued at $26,703,959.04. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Judson Althoff sold 12,750 shares of Microsoft stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the transaction, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at $63,577,620.48. This represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,100 shares of company stock valued at $27,598,872 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.