Red Spruce Capital LLC Cuts Stake in Microsoft Co. (NASDAQ:MSFT)

Red Spruce Capital LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.4% during the second quarter, Holdings Channel.com reports. The firm owned 14,528 shares of the software giant’s stock after selling 364 shares during the period. Microsoft accounts for about 2.5% of Red Spruce Capital LLC’s portfolio, making the stock its 9th biggest position. Red Spruce Capital LLC’s holdings in Microsoft were worth $3,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Microsoft by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock valued at $42,237,000 after acquiring an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC raised its stake in shares of Microsoft by 12.6% in the first quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock valued at $3,743,000 after buying an additional 1,357 shares during the period. KRS Capital Management LLC lifted its position in shares of Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares during the last quarter. Dfpg Investments LLC lifted its position in shares of Microsoft by 22.9% during the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after buying an additional 5,030 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Microsoft by 41.4% during the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after buying an additional 43,189 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by insiders.

Microsoft Price Performance

Shares of MSFT opened at $244.74 on Friday. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 2.07 and a beta of 0.94. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $268.81 and a two-hundred day moving average of $274.03.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter last year, the company earned $2.17 earnings per share. As a group, analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on MSFT. Fundamental Research reaffirmed a “hold” rating and set a $280.50 price target on shares of Microsoft in a research report on Wednesday, August 3rd. Guggenheim initiated coverage on Microsoft in a research report on Friday, August 12th. They set a “neutral” rating and a $292.00 price target on the stock. Stifel Nicolaus dropped their price objective on Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Citigroup dropped their price objective on Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Cowen lowered their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.31.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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