Greenfield Savings Bank Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Greenfield Savings Bank trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,771 shares of the software giant’s stock after selling 28 shares during the quarter. Microsoft makes up approximately 6.1% of Greenfield Savings Bank’s holdings, making the stock its 2nd largest position. Greenfield Savings Bank’s holdings in Microsoft were worth $11,684,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MSFT. Morris Financial Concepts Inc. increased its stake in shares of Microsoft by 0.9% in the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after purchasing an additional 25 shares in the last quarter. Innova Wealth Partners increased its stake in shares of Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after purchasing an additional 25 shares in the last quarter. Arkansas Financial Group Inc. increased its stake in shares of Microsoft by 1.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares in the last quarter. Partnership Wealth Management LLC increased its stake in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after purchasing an additional 25 shares in the last quarter. Finally, Sicart Associates LLC increased its stake in shares of Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after purchasing an additional 26 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSFT. Evercore ISI upped their price objective on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, June 17th. Raymond James reiterated an “outperform” rating and issued a $480.00 price target (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Jefferies Financial Group increased their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, May 24th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $467.12.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.5 %

Shares of NASDAQ MSFT opened at $447.67 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The company has a market cap of $3.33 trillion, a P/E ratio of 38.76, a PEG ratio of 2.37 and a beta of 0.89. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $452.75. The firm has a 50-day simple moving average of $420.65 and a two-hundred day simple moving average of $407.98.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.45 earnings per share. Research analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Microsoft 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.