Microsoft Corporation $MSFT Shares Bought by Glenview Trust Co

Glenview Trust Co increased its position in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 473,004 shares of the software giant’s stock after acquiring an additional 5,756 shares during the period. Microsoft comprises about 3.5% of Glenview Trust Co’s portfolio, making the stock its 3rd biggest position. Glenview Trust Co’s holdings in Microsoft were worth $228,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. BLVD Private Wealth LLC grew its position in Microsoft by 0.6% during the 3rd quarter. BLVD Private Wealth LLC now owns 3,169 shares of the software giant’s stock worth $1,641,000 after acquiring an additional 19 shares during the last quarter. Magnolia Capital Management Ltd. grew its position in Microsoft by 0.3% during the 3rd quarter. Magnolia Capital Management Ltd. now owns 6,509 shares of the software giant’s stock worth $3,371,000 after acquiring an additional 20 shares during the last quarter. ARK & TLK Investments LLC grew its position in Microsoft by 1.0% during the 3rd quarter. ARK & TLK Investments LLC now owns 1,935 shares of the software giant’s stock worth $1,002,000 after acquiring an additional 20 shares during the last quarter. Rochester Wealth Strategies LLC grew its position in Microsoft by 2.9% during the 3rd quarter. Rochester Wealth Strategies LLC now owns 700 shares of the software giant’s stock worth $363,000 after acquiring an additional 20 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC grew its position in Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In related news, EVP Amy Coleman sold 1,262 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the sale, the executive vice president owned 46,003 shares in the company, valued at $18,922,874.02. This represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Judson Althoff sold 15,500 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $460.99, for a total value of $7,145,345.00. Following the sale, the chief executive officer owned 110,477 shares in the company, valued at approximately $50,928,792.23. The trade was a 12.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

NASDAQ MSFT opened at $416.67 on Monday. The business’s 50-day moving average price is $407.63 and its two-hundred day moving average price is $431.54. Microsoft Corporation has a 12 month low of $356.28 and a 12 month high of $555.45. The firm has a market capitalization of $3.10 trillion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.06 by $0.21. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The firm had revenue of $82.89 billion for the quarter, compared to analyst estimates of $81.44 billion. During the same quarter in the previous year, the company posted $3.46 EPS. The business’s revenue was up 18.3% on a year-over-year basis. On average, analysts expect that Microsoft Corporation will post 16.76 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Microsoft’s dividend payout ratio is presently 21.67%.

Key Microsoft News

Here are the key news stories impacting Microsoft this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MSFT shares. William Blair restated an “outperform” rating on shares of Microsoft in a research report on Monday, March 9th. Raymond James Financial lowered Microsoft from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $502.00 price target on shares of Microsoft in a research report on Thursday. Finally, Guggenheim reiterated a “buy” rating and issued a $586.00 price target on shares of Microsoft in a research report on Thursday, April 30th. Forty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $561.20.

View Our Latest Stock Report on MSFT

Microsoft Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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