Berkshire Bank decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,043 shares of the software giant’s stock after selling 1,761 shares during the quarter. Microsoft comprises approximately 4.5% of Berkshire Bank’s portfolio, making the stock its 5th biggest holding. Berkshire Bank’s holdings in Microsoft were worth $15,004,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MSFT. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Microsoft by 1.3% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock valued at $835,000 after purchasing an additional 36 shares during the period. Sentinel Pension Advisors Inc. increased its stake in Microsoft by 1.1% during the 4th quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock worth $898,000 after buying an additional 39 shares in the last quarter. Providence First Trust Co lifted its position in shares of Microsoft by 2.5% in the fourth quarter. Providence First Trust Co now owns 1,645 shares of the software giant’s stock valued at $395,000 after acquiring an additional 40 shares in the last quarter. Modus Advisors LLC increased its position in shares of Microsoft by 0.3% during the first quarter. Modus Advisors LLC now owns 14,316 shares of the software giant’s stock worth $4,127,000 after purchasing an additional 40 shares in the last quarter. Finally, Lokken Investment Group LLC lifted its holdings in Microsoft by 0.3% in the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on MSFT shares. Guggenheim raised their price target on shares of Microsoft from $212.00 to $232.00 and gave the stock a “sell” rating in a research note on Wednesday, April 26th. Bank of America upped their price target on Microsoft from $320.00 to $340.00 in a research report on Wednesday, April 26th. BMO Capital Markets lifted their price objective on Microsoft from $347.00 to $385.00 in a research report on Friday, June 9th. Wedbush upped their target price on Microsoft from $340.00 to $375.00 in a report on Tuesday, May 30th. Finally, UBS Group lifted their target price on shares of Microsoft from $275.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $334.17.
Microsoft Stock Up 1.8 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business had revenue of $52.86 billion during the quarter, compared to the consensus estimate of $51.01 billion. During the same period in the prior year, the company earned $2.22 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 9.64 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.81%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.
Insiders Place Their Bets
In other news, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Teri List sold 1,250 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the completion of the sale, the director now owns 874 shares of the company’s stock, valued at approximately $292,588.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,331 shares of company stock valued at $15,867,278. 0.03% of the stock is owned by company insiders.
About Microsoft
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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