First United Bank & Trust Has $7.30 Million Position in Microsoft Co. (NASDAQ:MSFT)

First United Bank & Trust reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,316 shares of the software giant’s stock after selling 122 shares during the period. Microsoft accounts for 2.7% of First United Bank & Trust’s holdings, making the stock its 6th biggest holding. First United Bank & Trust’s holdings in Microsoft were worth $7,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BCK Partners Inc. grew its holdings in shares of Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Global Wealth Strategies & Associates grew its holdings in shares of Microsoft by 0.8% in the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares in the last quarter. 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 in the last quarter. Sequent Asset Management LLC increased its holdings in Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares during the period. Finally, Cypress Point Wealth Management LLC increased its stake in shares of Microsoft by 0.8% during the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock worth $1,380,000 after buying an additional 25 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MSFT shares. Stifel Nicolaus cut their target price on Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday. Mizuho decreased their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, UBS Group reduced their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $509.54.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.9 %

NASDAQ:MSFT opened at $393.31 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a twelve month low of $381.00 and a twelve month high of $468.35. The company has a market cap of $2.92 trillion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. The business has a 50 day moving average price of $416.40 and a two-hundred day moving average price of $421.87.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $2.93 EPS. As a group, analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

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.