Spreng Capital Management Inc. Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Spreng Capital Management Inc. lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,950 shares of the software giant’s stock after selling 3,333 shares during the period. Microsoft makes up 7.0% of Spreng Capital Management Inc.’s holdings, making the stock its 2nd largest position. Spreng Capital Management Inc.’s holdings in Microsoft were worth $7,907,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. bought a new stake in Microsoft during the 1st quarter valued at $28,000. Newfound Research LLC increased its position in shares of Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the period. Darrow Company Inc. acquired a new position in shares of Microsoft during the 2nd quarter valued at $82,000. Morgan Dempsey Capital Management LLC acquired a new position in shares of Microsoft during the 3rd quarter valued at $82,000. Finally, Avondale Wealth Management increased its position in shares of Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the period. Institutional investors own 69.15% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $240.22 on Monday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The stock has a fifty day moving average price of $241.70 and a 200 day moving average price of $249.89. The stock has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.36 and a beta of 0.94. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 9.51 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio is currently 29.31%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MSFT shares. Evercore ISI lowered their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. Cowen lowered their price target on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. The Goldman Sachs Group set a $315.00 price target on Microsoft in a research report on Tuesday, January 17th. Royal Bank of Canada set a $285.00 target price on Microsoft in a report on Wednesday, January 18th. Finally, Barclays decreased their target price on Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $287.88.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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