Oakworth Capital Inc. Has $21.45 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Oakworth Capital Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,998 shares of the software giant’s stock after buying an additional 739 shares during the quarter. Microsoft comprises 1.6% of Oakworth Capital Inc.’s portfolio, making the stock its 20th biggest holding. Oakworth Capital Inc.’s holdings in Microsoft were worth $21,453,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rebalance LLC raised its stake in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after purchasing an additional 24 shares in the last quarter. Innova Wealth Partners increased its holdings in Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after buying an additional 25 shares during the last quarter. Arkansas Financial Group Inc. increased its holdings in Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares during the last quarter. Partnership Wealth Management LLC raised its position in Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after acquiring an additional 25 shares in the last quarter. Finally, Doheny Asset Management CA lifted its stake in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after acquiring an additional 25 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

MSFT opened at $435.15 on Wednesday. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The stock has a market cap of $3.23 trillion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The business’s 50 day moving average is $422.31 and its 200-day moving average is $423.73. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.69 earnings per share. On average, analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. Bank of America lifted their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Wells Fargo & Company lifted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Piper Sandler restated an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $494.72.

Insider Activity

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

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.