Sollinda Capital Management LLC Sells 1,932 Shares of Microsoft Co. (NASDAQ:MSFT)

Sollinda Capital Management LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 58.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,375 shares of the software giant’s stock after selling 1,932 shares during the quarter. Sollinda Capital Management LLC’s holdings in Microsoft were worth $578,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Morris Financial Concepts Inc. grew its holdings in Microsoft by 0.9% during the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares during the period. Innova Wealth Partners raised its stake in Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after acquiring an additional 25 shares during the period. Arkansas Financial Group Inc. boosted its position in shares of Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares during the period. Partnership Wealth Management LLC lifted its stake in shares of Microsoft by 0.4% during the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after buying an additional 25 shares in the last quarter. Finally, Sicart Associates LLC boosted its holdings in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after buying an additional 26 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock traded up $7.28 during trading hours on Friday, hitting $406.32. 29,640,094 shares of the company’s stock were exchanged, compared to its average volume of 18,152,042. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.02 trillion, a P/E ratio of 35.18, a P/E/G ratio of 2.16 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $295.25 and a fifty-two week high of $430.82. The firm has a 50 day moving average of $414.48 and a two-hundred day moving average of $387.70.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 38.87%. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

Insider Activity at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price objective on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Friday. Sanford C. Bernstein upped their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley lifted their price target on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price target on shares of Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Macquarie lifted their price objective on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

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.