Passumpsic Savings Bank Purchases 1,156 Shares of Microsoft Co. (NASDAQ:MSFT)

Passumpsic Savings Bank raised its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 69.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,832 shares of the software giant’s stock after purchasing an additional 1,156 shares during the quarter. Passumpsic Savings Bank’s holdings in Microsoft were worth $1,219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the period. Quarry LP bought a new stake in shares of Microsoft in the second quarter worth approximately $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the third quarter worth approximately $62,000. Carolina Wealth Advisors LLC grew its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the second quarter worth approximately $200,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Loop Capital boosted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. TD Cowen cut their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Truist Financial restated a “buy” rating and set a $600.00 target price 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 issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Check Out Our Latest Stock Analysis on MSFT

Microsoft Price Performance

MSFT stock opened at $409.04 on Thursday. The company has a market capitalization of $3.04 trillion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company’s fifty day moving average price is $430.67 and its 200-day moving average price is $423.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the business earned $2.93 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,000 shares of company stock worth $14,333,540. Insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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