Country Club Bank GFN Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Country Club Bank GFN lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,844 shares of the software giant’s stock after selling 2,354 shares during the quarter. Microsoft accounts for approximately 2.7% of Country Club Bank GFN’s investment portfolio, making the stock its 4th biggest holding. Country Club Bank GFN’s holdings in Microsoft were worth $35,968,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Monumental Financial Group Inc. acquired a new stake in Microsoft in the first quarter valued at $28,000. Atlantic Private Wealth LLC lifted its stake in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after acquiring an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new stake in Microsoft in the third quarter valued at $69,000. Iron Horse Wealth Management LLC lifted its stake in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft in the fourth quarter valued at $83,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.3 %

MSFT opened at $399.12 on Friday. The company’s 50 day moving average is $414.86 and its 200-day moving average is $385.33. Microsoft Co. has a 1-year low of $275.37 and a 1-year high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.97 trillion, a P/E ratio of 36.09, a PEG ratio of 2.15 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same period last year, the company posted $2.32 EPS. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.75%. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock worth $30,690,456 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MSFT. Citigroup cut their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, April 10th. Morgan Stanley increased their price objective on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada increased their price objective on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, KeyCorp started coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $432.13.

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.