Red Spruce Capital LLC Sells 68 Shares of Microsoft Corporation (NASDAQ:MSFT)

Red Spruce Capital LLC lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 14,912 shares of the software giant’s stock after selling 68 shares during the period. Microsoft makes up approximately 2.6% of Red Spruce Capital LLC’s portfolio, making the stock its 7th largest position. Red Spruce Capital LLC’s holdings in Microsoft were worth $5,598,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Adamsbrown Wealth Consultants LLC lifted its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after buying an additional 130 shares in the last quarter. Mcdaniel Terry & Co. raised its stake in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after acquiring an additional 18,052 shares during the period. 1900 Wealth Management LLC grew its holdings in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its holdings in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock valued at $737,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now owns 47,058 shares in the company, valued at $21,647,150.58. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $492.27 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $494.56. The stock has a market cap of $3.66 trillion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. The firm’s fifty day simple moving average is $444.31 and its 200-day simple moving average is $421.40.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.94 EPS. Analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MSFT shares. Citigroup lifted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Mizuho boosted their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Evercore ISI set a $515.00 price target on shares of Microsoft and gave the stock an “outperform” rating in a report on Wednesday, May 21st. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, Westpark Capital reiterated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $519.43.

Microsoft 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.