Security National Bank of Sioux City Iowa IA Sells 441 Shares of Microsoft Co. (NASDAQ:MSFT)

Security National Bank of Sioux City Iowa IA reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,267 shares of the software giant’s stock after selling 441 shares during the period. Microsoft comprises 5.2% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 2nd largest position. Security National Bank of Sioux City Iowa IA’s holdings in Microsoft were worth $7,271,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MSFT. Tradewinds Capital Management LLC lifted its position in shares of Microsoft by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 19,638 shares of the software giant’s stock valued at $8,262,000 after acquiring an additional 3,386 shares in the last quarter. WFA Asset Management Corp lifted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Evolution Wealth Advisors LLC lifted its position in Microsoft by 3.3% during the first quarter. Evolution Wealth Advisors LLC now owns 8,912 shares of the software giant’s stock worth $3,750,000 after buying an additional 281 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in Microsoft by 2.5% during the first quarter. Valeo Financial Advisors LLC now owns 223,671 shares of the software giant’s stock worth $94,103,000 after buying an additional 5,456 shares in the last quarter. Finally, KFG Wealth Management LLC lifted its position in Microsoft by 4.6% during the first quarter. KFG Wealth Management LLC now owns 4,877 shares of the software giant’s stock worth $2,052,000 after buying an additional 216 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MSFT shares. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. Citigroup reduced their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. KeyCorp lifted their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Mizuho lifted their target price on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley lifted their target price on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,829 shares of company stock worth $80,966,837. 0.03% of the stock is owned by insiders.

Microsoft Stock Up 1.2 %

MSFT opened at $423.03 on Wednesday. The business has a 50 day moving average price of $421.11 and a two-hundred day moving average price of $425.32. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.15 trillion, a PE ratio of 34.90, a P/E/G ratio of 2.24 and a beta of 0.91. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.99 EPS. As a group, research analysts anticipate that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is 27.39%.

Microsoft declared that its board has approved a share buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.