Microsoft Co. (NASDAQ:MSFT) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,927 shares of the software giant’s stock after selling 347 shares during the quarter. Microsoft accounts for approximately 4.0% of OLD Second National Bank of Aurora’s holdings, making the stock its 3rd largest position. OLD Second National Bank of Aurora’s holdings in Microsoft were worth $16,750,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Hartline Investment Corp boosted its holdings in shares of Microsoft by 0.4% in the third quarter. Hartline Investment Corp now owns 96,590 shares of the software giant’s stock valued at $41,563,000 after acquiring an additional 345 shares in the last quarter. Community Bank & Trust Waco Texas raised its holdings in Microsoft by 0.8% during the third quarter. Community Bank & Trust Waco Texas now owns 46,377 shares of the software giant’s stock worth $19,956,000 after purchasing an additional 386 shares in the last quarter. Empower Advisory Group LLC lifted its position in Microsoft by 0.3% in the third quarter. Empower Advisory Group LLC now owns 870,103 shares of the software giant’s stock worth $374,405,000 after purchasing an additional 2,610 shares during the period. Moser Wealth Advisors LLC boosted its stake in Microsoft by 0.4% during the 3rd quarter. Moser Wealth Advisors LLC now owns 40,448 shares of the software giant’s stock valued at $17,405,000 after purchasing an additional 170 shares in the last quarter. Finally, Live Oak Investment Partners increased its position in shares of Microsoft by 1.2% during the 3rd quarter. Live Oak Investment Partners now owns 3,198 shares of the software giant’s stock valued at $1,376,000 after purchasing an additional 39 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $429.03 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The firm’s fifty day simple moving average is $429.19 and its 200-day simple moving average is $426.57. The company has a market capitalization of $3.19 trillion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.99 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Cantor Fitzgerald began coverage on shares of Microsoft in a research note on Friday. They issued an “overweight” rating and a $509.00 price objective on the stock. KeyCorp boosted their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $511.53.

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.