Microsoft Corporation $MSFT Shares Acquired by Bank of Stockton

Bank of Stockton grew its holdings in Microsoft Corporation (NASDAQ:MSFTFree Report) by 16.3% during the 1st quarter, Holdings Channel reports. The fund owned 19,759 shares of the software giant’s stock after purchasing an additional 2,766 shares during the period. Microsoft makes up about 2.3% of Bank of Stockton’s holdings, making the stock its 8th largest holding. Bank of Stockton’s holdings in Microsoft were worth $7,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC boosted its stake in shares of Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after buying an additional 20 shares during the last quarter. Bernzott Capital Advisors acquired a new stake in Microsoft during the fourth quarter worth about $34,000. Timmons Wealth Management LLC purchased a new position in Microsoft during the fourth quarter valued at approximately $36,000. Fairway Wealth LLC raised its position in Microsoft by 287.0% during the fourth quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after acquiring an additional 66 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 2.2%

Shares of NASDAQ MSFT opened at $402.29 on Tuesday. The company’s 50-day simple moving average is $400.07 and its 200-day simple moving average is $410.17. Microsoft Corporation has a 52-week low of $349.20 and a 52-week high of $555.45. The firm has a market cap of $2.99 trillion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.06 by $0.21. The business had revenue of $82.89 billion during the quarter, compared to analysts’ expectations of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.46 earnings per share. Equities analysts predict that Microsoft Corporation will post 16.71 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 0.9%. Microsoft’s payout ratio is presently 21.67%.

Analyst Ratings Changes

MSFT has been the subject of several analyst reports. Barclays reiterated an “overweight” rating on shares of Microsoft in a research note on Wednesday, June 3rd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, May 22nd. Argus decreased their price objective on shares of Microsoft from $620.00 to $510.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Scotiabank raised shares of Microsoft from an “outperform” rating to an “outperform” rating in a research note on Monday, July 6th. Finally, Wedbush restated an “outperform” rating and set a $575.00 target price on shares of Microsoft in a research report on Wednesday, May 13th. Forty-two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $557.46.

Read Our Latest Stock Report on MSFT

Trending Headlines about Microsoft

Here are the key news stories impacting Microsoft this week:

Insider Buying and Selling

In other news, EVP Amy Coleman sold 1,262 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the transaction, the executive vice president directly owned 46,003 shares in the company, valued at $18,922,874.02. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Judson Althoff sold 15,500 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $460.99, for a total value of $7,145,345.00. Following the transaction, the chief executive officer directly owned 110,477 shares in the company, valued at $50,928,792.23. This trade represents a 12.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 23,762 shares of company stock worth $10,508,361. 0.03% of the stock is owned by insiders.

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

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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.