Thomasville National Bank boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 224,254 shares of the software giant’s stock after purchasing an additional 1,223 shares during the quarter. Microsoft accounts for about 5.2% of Thomasville National Bank’s holdings, making the stock its largest holding. Thomasville National Bank’s holdings in Microsoft were worth $31,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in MSFT. Orrstown Financial Services Inc. increased its stake in Microsoft by 0.4% in the 3rd quarter. Orrstown Financial Services Inc. now owns 18,223 shares of the software giant’s stock worth $2,512,000 after purchasing an additional 80 shares during the period. Cullinan Associates Inc. boosted its holdings in shares of Microsoft by 4.5% during the 3rd quarter. Cullinan Associates Inc. now owns 274,374 shares of the software giant’s stock worth $38,146,000 after buying an additional 11,848 shares during the period. Bridger Capital Management LLC bought a new stake in shares of Microsoft during the 2nd quarter worth $2,142,000. Princeton Global Asset Management LLC boosted its holdings in shares of Microsoft by 1.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 52,173 shares of the software giant’s stock worth $6,989,000 after buying an additional 970 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Microsoft by 3.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,579,788 shares of the software giant’s stock worth $345,588,000 after buying an additional 91,717 shares during the period. 72.16% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Kathleen T. Hogan sold 40,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $135.25, for a total transaction of $5,410,000.00. Following the transaction, the executive vice president now directly owns 198,042 shares in the company, valued at $26,785,180.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank H. Brod sold 4,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now owns 64,152 shares in the company, valued at $9,048,639.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,757 shares of company stock worth $43,735,918. 1.38% of the stock is owned by corporate insiders.

MSFT has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Monday. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of Microsoft in a research note on Thursday, August 29th. Wells Fargo & Co set a $160.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 19th. Deutsche Bank set a $155.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Credit Suisse Group set a $155.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $151.52.

MSFT traded up $2.05 during trading on Wednesday, reaching $137.72. 2,558,736 shares of the stock were exchanged, compared to its average volume of 24,929,936. The stock has a market cap of $1,035.90 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.22. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $142.37. The stock’s 50 day moving average price is $137.40 and its two-hundred day moving average price is $131.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. Equities research analysts predict that Microsoft Co. will post 5.23 earnings per share for the current fiscal year.

Microsoft declared that its board has approved a stock buyback plan on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.48%. This is an increase from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, November 20th. Microsoft’s payout ratio is presently 38.74%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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