iAB Financial Bank Has $2,068,000 Position in Microsoft Corporation (NASDAQ:MSFT)

iAB Financial Bank maintained its stake in shares of Microsoft Corporation (NASDAQ:MSFT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,393 shares of the software giant’s stock at the end of the first quarter. Microsoft Corporation makes up 1.1% of iAB Financial Bank’s investment portfolio, making the stock its 26th largest position. iAB Financial Bank’s holdings in Microsoft Corporation were worth $2,068,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Glenview Trust Co purchased a new position in Microsoft Corporation during the fourth quarter worth about $19,984,000. Millie Capital Management LLC increased its position in shares of Microsoft Corporation by 252.9% in the fourth quarter. Millie Capital Management LLC now owns 64,717 shares of the software giant’s stock worth $4,022,000 after buying an additional 46,377 shares during the period. FMR LLC increased its position in shares of Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock worth $11,020,210,000 after buying an additional 17,606,133 shares during the period. Capital Analysts LLC increased its position in shares of Microsoft Corporation by 2.9% in the fourth quarter. Capital Analysts LLC now owns 51,675 shares of the software giant’s stock worth $3,211,000 after buying an additional 1,480 shares during the period. Finally, Hunter Associates Investment Management LLC increased its position in shares of Microsoft Corporation by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 137,889 shares of the software giant’s stock worth $8,568,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 72.64% of the company’s stock.

Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.12% during trading on Friday, hitting $72.49. The stock had a trading volume of 18,761,491 shares. The company has a market cap of $558.34 billion, a P/E ratio of 26.75 and a beta of 1.01. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The stock has a 50-day moving average price of $72.16 and a 200 day moving average price of $68.26.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. Equities analysts expect that Microsoft Corporation will post $3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.

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A number of brokerages recently weighed in on MSFT. Evercore ISI reissued a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a report on Friday. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Credit Suisse Group set a $84.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Goldman Sachs Group, Inc. (The) set a $88.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have assigned a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $76.26.

In related news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares in the company, valued at $14,718,000. The disclosure for this sale can be found here. Insiders have sold a total of 7,057,855 shares of company stock valued at $512,044,578 over the last 90 days. 2.99% of the stock is currently owned by company insiders.

Microsoft Corporation Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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