Enterprise Bank & Trust Co Has $15.90 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Enterprise Bank & Trust Co increased its position in Microsoft Co. (NASDAQ:MSFT) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,946 shares of the software giant’s stock after purchasing an additional 529 shares during the period. Microsoft makes up approximately 5.1% of Enterprise Bank & Trust Co’s holdings, making the stock its 5th biggest position. Enterprise Bank & Trust Co’s holdings in Microsoft were worth $15,898,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital boosted its stake in Microsoft by 6.6% during the 3rd quarter. Wedmont Private Capital now owns 91,202 shares of the software giant’s stock valued at $37,351,000 after purchasing an additional 5,611 shares during the last quarter. Marcum Wealth LLC boosted its position in shares of Microsoft by 1.1% during the third quarter. Marcum Wealth LLC now owns 48,896 shares of the software giant’s stock valued at $21,040,000 after buying an additional 528 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Microsoft by 2.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 5,992 shares of the software giant’s stock worth $2,578,000 after buying an additional 121 shares in the last quarter. CWM LLC raised its position in Microsoft by 3.2% in the 3rd quarter. CWM LLC now owns 829,883 shares of the software giant’s stock worth $357,099,000 after buying an additional 26,032 shares during the last quarter. Finally, West Financial Advisors LLC lifted its stake in Microsoft by 13.4% during the 3rd quarter. West Financial Advisors LLC now owns 1,883 shares of the software giant’s stock valued at $810,000 after acquiring an additional 222 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This represents a 7.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 209,431 shares of company stock valued at $85,796,688. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MSFT. BMO Capital Markets reduced their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. UBS Group lowered their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a report on Monday, September 23rd. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $503.03.

Microsoft Stock Up 0.4 %

Shares of NASDAQ MSFT opened at $418.79 on Tuesday. The stock has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 2.21 and a beta of 0.91. Microsoft Co. has a 12-month low of $362.90 and a 12-month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $421.69 and its 200-day moving average price is $426.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.99 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has approved a share repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft Company 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.