OLD National Bancorp IN Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

OLD National Bancorp IN increased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,456 shares of the software giant's stock after buying an additional 2,783 shares during the quarter. Microsoft comprises 3.2% of OLD National Bancorp IN's portfolio, making the stock its 4th largest holding. OLD National Bancorp IN's holdings in Microsoft were worth $135,494,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Net Worth Advisory Group acquired a new position in shares of Microsoft during the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC boosted its stake in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock valued at $113,399,000 after buying an additional 18,544 shares in the last quarter. Focus Financial Network Inc. grew its holdings in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant's stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. Campbell Wealth Management bought a new stake in Microsoft in the third quarter worth about $3,314,000. Finally, Evernest Financial Advisors LLC lifted its holdings in Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant's stock valued at $23,137,000 after acquiring an additional 42,778 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on MSFT shares. Wedbush reiterated an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a report on Thursday, March 20th. DA Davidson raised Microsoft from a "neutral" rating to a "buy" rating and upped their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Finally, Stifel Nicolaus reduced their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $510.59.

Microsoft Stock Up 0.2 %

NASDAQ:MSFT traded up $0.61 during trading hours on Thursday, reaching $390.58. The company's stock had a trading volume of 13,741,615 shares, compared to its average volume of 22,928,355. Microsoft Co. has a one year low of $376.91 and a one year high of $468.35. The business's 50-day moving average is $407.20 and its 200-day moving average is $419.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

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.