Greenfield Savings Bank Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Greenfield Savings Bank cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,090 shares of the software giant’s stock after selling 304 shares during the quarter. Microsoft makes up about 5.5% of Greenfield Savings Bank’s investment portfolio, making the stock its 2nd largest position. Greenfield Savings Bank’s holdings in Microsoft were worth $11,418,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MSFT. WFA Asset Management Corp increased its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Nicholas Investment Partners LP grew its position in Microsoft by 3.0% during the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after acquiring an additional 1,164 shares during the last quarter. NRI Wealth Management LC bought a new position in Microsoft during the 2nd quarter worth approximately $2,863,000. Finally, Fairbanks Capital Management Inc. grew its position in Microsoft by 1.7% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 9,610 shares of the software giant’s stock worth $4,295,000 after acquiring an additional 157 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets reduced their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Wedbush restated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. DA Davidson restated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $510.96.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on 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 owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 8,000 shares of company stock valued at $3,493,820. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.9 %

Shares of NASDAQ:MSFT opened at $408.25 on Friday. The stock has a fifty day simple moving average of $425.20 and a two-hundred day simple moving average of $422.69. The stock has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.20 and a beta of 0.90. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the business earned $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

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.