Greenfield Savings Bank Has $12.17 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Greenfield Savings Bank cut its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the second quarter, HoldingsChannel.com reports. The firm owned 27,222 shares of the software giant’s stock after selling 549 shares during the period. Microsoft accounts for approximately 6.3% of Greenfield Savings Bank’s investment portfolio, making the stock its 2nd biggest holding. Greenfield Savings Bank’s holdings in Microsoft were worth $12,167,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Bayesian Capital Management LP grew its stake in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC grew its stake in shares of Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the last quarter. Czech National Bank grew its stake in shares of Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC grew its stake in shares of Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after acquiring an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $9,538,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 1.0 %

Shares of MSFT stock opened at $417.14 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.23. The company has a market cap of $3.10 trillion, a price-to-earnings ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.90. The stock has a 50 day simple moving average of $432.34 and a 200-day simple moving average of $422.67. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

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

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research analyst reports. UBS Group dropped their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Bank of America upped their target price on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Mizuho upped 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. BMO Capital Markets upped their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Oppenheimer upped their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

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.