Sollinda Capital Management LLC Buys 209 Shares of Microsoft Co. (NASDAQ:MSFT)

Sollinda Capital Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 15.4% in the third quarter, Holdings Channel reports. The institutional investor owned 1,566 shares of the software giant’s stock after purchasing an additional 209 shares during the period. Sollinda Capital Management LLC’s holdings in Microsoft were worth $674,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP bought a new stake in Microsoft during the 2nd quarter valued at about $45,000. Innealta Capital LLC bought a new position in shares of Microsoft in the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC grew its holdings in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC increased its position in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after acquiring an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

MSFT has been the topic of several analyst reports. Mizuho upped their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. KeyCorp lifted their price objective on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, Citigroup dropped their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Trading Down 0.7 %

Shares of MSFT stock opened at $418.58 on Friday. The stock has a fifty day simple moving average of $428.83 and a two-hundred day simple moving average of $428.45. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The firm has a market capitalization of $3.11 trillion, a PE ratio of 34.54, a PEG ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the company earned $2.99 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has authorized a share repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft Company 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.