Microsoft Co. (MSFT) Shares Sold by SPC Financial Inc.

SPC Financial Inc. decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 5.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 58,401 shares of the software giant’s stock after selling 3,669 shares during the quarter. Microsoft makes up approximately 1.1% of SPC Financial Inc.’s holdings, making the stock its 26th largest position. SPC Financial Inc.’s holdings in Microsoft were worth $4,350,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its stake in shares of Microsoft by 300.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the last quarter. Hefty Wealth Partners increased its stake in shares of Microsoft by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the last quarter. Stelac Advisory Services LLC increased its stake in shares of Microsoft by 23.5% during the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the last quarter. Pacific Center for Financial Services increased its stake in shares of Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its stake in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 73.16% of the company’s stock.

Shares of Microsoft Co. (NASDAQ:MSFT) opened at $88.08 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The stock has a market cap of $679,500.00, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99. Microsoft Co. has a 12-month low of $61.95 and a 12-month high of $88.73.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. sell-side analysts predict that Microsoft Co. will post 3.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.91%. Microsoft’s dividend payout ratio is 56.76%.

Several research analysts have recently commented on MSFT shares. Morningstar restated a “neutral” rating on shares of Microsoft in a research note on Monday, October 16th. Evercore ISI increased their price target on shares of Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. UBS Group set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target (up previously from $85.00) on shares of Microsoft in a research note on Friday, October 27th. Finally, Jefferies Group set a $57.00 price target on shares of Microsoft and gave the stock a “sell” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $86.30.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 over the last 90 days. Company insiders own 1.49% of the company’s stock.

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About Microsoft

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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