Microsoft Co. (NASDAQ:MSFT) Shares Sold by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,323 shares of the software giant’s stock after selling 231 shares during the quarter. Microsoft accounts for about 1.6% of Indiana Trust & Investment Management CO’s holdings, making the stock its 12th largest holding. Indiana Trust & Investment Management CO’s holdings in Microsoft were worth $3,506,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MSFT. Hibernia Wealth Partners LLC acquired a new position in shares of Microsoft during the third quarter valued at approximately $69,000. Iron Horse Wealth Management LLC raised its holdings in shares of Microsoft by 89.0% during 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. Authentikos Wealth Advisory LLC acquired a new position in shares of Microsoft during the third quarter valued at approximately $87,000. Family CFO Inc raised its holdings in shares of Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares during the last quarter. Finally, Cordant Inc. raised its holdings in shares of Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after acquiring an additional 298 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MSFT shares. BMO Capital Markets increased their target price on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a research report on Thursday, January 18th. Macquarie upped their price target on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, KeyCorp began coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. Four research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $434.05.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $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 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.4 %

Shares of NASDAQ MSFT opened at $409.06 on Thursday. The stock has a market cap of $3.04 trillion, a P/E ratio of 36.99, a PEG ratio of 2.17 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The business’s fifty day simple moving average is $414.59 and its 200-day simple moving average is $387.09.

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

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 27.12%.

Microsoft 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.