Security National Bank Has $19.72 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Security National Bank decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,130 shares of the software giant’s stock after selling 251 shares during the period. Microsoft accounts for 2.9% of Security National Bank’s holdings, making the stock its 7th biggest position. Security National Bank’s holdings in Microsoft were worth $19,724,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Richardson Capital Management LLC increased its position in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Microsoft during the fourth quarter worth about $58,000. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Horizon Financial Services LLC purchased a new position in shares of Microsoft in the 1st quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $86,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.8 %

MSFT stock opened at $435.27 on Monday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The business’s 50-day moving average is $420.92 and its 200 day moving average is $424.33. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.24 trillion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announced that its board has initiated a stock repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is 25.97%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. BMO Capital Markets lifted their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Morgan Stanley reissued an “overweight” rating and issued a $506.00 price objective on shares of Microsoft in a report on Tuesday, September 17th. Finally, New Street Research started coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

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.