Fulton Bank N.A. Buys 4,456 Shares of Microsoft Corporation $MSFT

Fulton Bank N.A. raised its stake in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,669 shares of the software giant’s stock after buying an additional 4,456 shares during the quarter. Microsoft comprises 2.0% of Fulton Bank N.A.’s portfolio, making the stock its 11th biggest position. Fulton Bank N.A.’s holdings in Microsoft were worth $58,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Longfellow Investment Management Co. LLC boosted its position in shares of Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after purchasing an additional 20 shares in the last quarter. Bayforest Capital Ltd bought a new position in Microsoft during the third quarter worth about $38,000. LSV Asset Management bought a new position in Microsoft during the fourth quarter worth about $44,000. Sellwood Investment Partners LLC acquired a new position in Microsoft in the third quarter valued at about $49,000. Finally, University of Illinois Foundation acquired a new position in Microsoft in the second quarter valued at about $50,000. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

NASDAQ MSFT opened at $356.77 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.09. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a market capitalization of $2.65 trillion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The firm’s 50 day moving average is $409.36 and its 200-day moving average is $467.65.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Wednesday, January 28th. The software giant reported $4.14 EPS for the quarter, topping the consensus estimate of $3.86 by $0.28. Microsoft had a net margin of 39.04% and a return on equity of 32.34%. The business had revenue of $81.27 billion during the quarter, compared to analysts’ expectations of $80.28 billion. During the same quarter in the prior year, the company posted $3.23 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. Microsoft’s payout ratio is currently 22.76%.

More Microsoft News

Here are the key news stories impacting Microsoft this week:

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 12,321 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $409.52, for a total transaction of $5,045,695.92. Following the transaction, the executive vice president owned 137,933 shares of the company’s stock, valued at $56,486,322.16. The trade was a 8.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Stanton acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were bought at an average price of $397.35 per share, for a total transaction of $1,986,750.00. Following the purchase, the director owned 83,905 shares in the company, valued at approximately $33,339,651.75. This represents a 6.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MSFT shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Microsoft in a research report on Thursday, January 29th. BMO Capital Markets lowered their target price on Microsoft from $625.00 to $575.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Rothschild & Co Redburn set a $450.00 target price on shares of Microsoft in a report on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research note on Monday, March 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $600.00 price target (down from $650.00) on shares of Microsoft in a report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $588.97.

Check Out Our Latest Stock Analysis on MSFT

Microsoft Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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