UMB Bank n.a. Has $221.80 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

UMB Bank n.a. trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 526,203 shares of the software giant’s stock after selling 23,310 shares during the quarter. Microsoft comprises 3.5% of UMB Bank n.a.’s portfolio, making the stock its 4th biggest holding. UMB Bank n.a.’s holdings in Microsoft were worth $221,795,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Net Worth Advisory Group acquired a new stake in Microsoft in the third quarter worth about $2,645,000. Oak Ridge Investments LLC grew its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares during the period. Jacobs & Co. CA grew its position in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after buying an additional 880 shares during the period. Finally, Focus Financial Network Inc. grew its position in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Up 3.2 %

Shares of Microsoft stock opened at $401.02 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.98 trillion, a P/E ratio of 32.29, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 12-month low of $381.00 and a 12-month high of $468.35. The business’s 50 day moving average is $417.97 and its 200-day moving average is $422.24.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 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 period last year, the company posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, UBS Group cut their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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 the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

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.