SPC Financial Inc. Trims Holdings in Microsoft Co. (MSFT)

SPC Financial Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 8.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,369 shares of the software giant’s stock after selling 3,614 shares during the period. Microsoft comprises approximately 1.1% of SPC Financial Inc.’s holdings, making the stock its 25th largest position. SPC Financial Inc.’s holdings in Microsoft were worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Vanguard Group Inc lifted its stake in Microsoft by 1.6% in the third quarter. Vanguard Group Inc now owns 577,877,949 shares of the software giant’s stock valued at $66,091,902,000 after buying an additional 8,820,439 shares during the last quarter. Morgan Stanley lifted its stake in Microsoft by 4.8% in the third quarter. Morgan Stanley now owns 60,865,803 shares of the software giant’s stock valued at $6,961,221,000 after buying an additional 2,796,779 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Microsoft by 19.6% in the third quarter. Russell Investments Group Ltd. now owns 9,248,352 shares of the software giant’s stock valued at $1,057,849,000 after buying an additional 1,517,947 shares during the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. lifted its stake in Microsoft by 342.8% in the third quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 1,866,026 shares of the software giant’s stock valued at $213,417,000 after buying an additional 1,444,650 shares during the last quarter. Finally, Nan Shan Life Insurance Co. Ltd. purchased a new stake in Microsoft in the third quarter valued at approximately $129,830,000. Institutional investors own 73.14% of the company’s stock.

In related news, CEO Satya Nadella sold 15,334 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $112.31, for a total transaction of $1,722,161.54. Following the transaction, the chief executive officer now owns 1,104,932 shares of the company’s stock, valued at $124,094,912.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Bradford L. Smith sold 192,300 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $130.34, for a total value of $25,064,382.00. Following the transaction, the president now directly owns 754,442 shares in the company, valued at approximately $98,333,970.28. The disclosure for this sale can be found here. Insiders have sold 238,354 shares of company stock worth $30,340,221 in the last ninety days. 1.38% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on MSFT. Credit Suisse Group reiterated a “buy” rating and issued a $145.00 price objective on shares of Microsoft in a research note on Monday, May 6th. Argus boosted their price objective on Microsoft to $145.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Oppenheimer boosted their price objective on Microsoft from $127.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Raymond James boosted their price objective on Microsoft from $142.00 to $149.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 25th. Finally, Nomura boosted their price objective on Microsoft from $124.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the company. Microsoft presently has an average rating of “Buy” and a consensus price target of $135.75.

Shares of MSFT stock opened at $128.07 on Friday. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $131.37. The firm has a market cap of $986.11 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The company has a current ratio of 2.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.70.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.14. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The firm had revenue of $30.57 billion for the quarter, compared to analyst estimates of $29.86 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. Microsoft’s quarterly revenue was up 14.0% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 4.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 47.42%.

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Microsoft Profile

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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