Microsoft Corporation $MSFT Shares Sold by Scholtz & Company LLC

Scholtz & Company LLC trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,572 shares of the software giant’s stock after selling 2,089 shares during the quarter. Microsoft comprises 7.2% of Scholtz & Company LLC’s portfolio, making the stock its 3rd biggest holding. Scholtz & Company LLC’s holdings in Microsoft were worth $14,388,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Box Hill Private Wealth LLC increased its holdings in shares of Microsoft by 0.5% during the 2nd quarter. Box Hill Private Wealth LLC now owns 4,272 shares of the software giant’s stock valued at $1,593,000 after acquiring an additional 21 shares during the last quarter. Strategic Wealth Advisors LLC raised its stake in shares of Microsoft by 1.7% in the 2nd quarter. Strategic Wealth Advisors LLC now owns 1,473 shares of the software giant’s stock valued at $549,000 after acquiring an additional 24 shares in the last quarter. Lee Johnson Capital Management LLC lifted its holdings in Microsoft by 3.8% in the 2nd quarter. Lee Johnson Capital Management LLC now owns 687 shares of the software giant’s stock worth $256,000 after purchasing an additional 25 shares during the last quarter. Mann Financial Group Inc. boosted its position in Microsoft by 1.3% during the second quarter. Mann Financial Group Inc. now owns 1,921 shares of the software giant’s stock worth $717,000 after purchasing an additional 25 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC boosted its position in Microsoft by 0.5% during the first quarter. Riverpoint Wealth Management Holdings LLC now owns 5,543 shares of the software giant’s stock worth $2,052,000 after purchasing an additional 26 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Microsoft

Here are the key news stories impacting Microsoft this week:

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 86,525 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $501.46, for a total transaction of $43,388,826.50. Following the transaction, the chief executive officer owned 486,763 shares of the company’s stock, valued at approximately $244,092,173.98. The trade was a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amy Hood sold 7,305 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $545.42, for a total transaction of $3,984,293.10. Following the transaction, the executive vice president owned 555,396 shares of the company’s stock, valued at approximately $302,924,086.32. The trade was a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 135,504 shares of company stock valued at $68,138,024 over the last three months. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $520.99 on Wednesday. The business has a 50 day moving average price of $514.06 and a 200 day moving average price of $438.92. Microsoft Corporation has a twelve month low of $349.20 and a twelve month high of $551.15. The company has a market cap of $3.87 trillion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.56 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 0.07.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Wednesday, October 28th. The software giant reported $4.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.17. The firm had revenue of $92.28 billion for the quarter, compared to analyst estimates of $90.62 billion. Microsoft had a return on equity of 31.28% and a net margin of 41.17%. The company’s revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.13 EPS. Research analysts predict that Microsoft Corporation will post 19.86 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.98 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.91. This represents a $3.92 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Microsoft’s dividend payout ratio (DPR) is currently 19.00%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BNP Paribas Exane downgraded Microsoft from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Benchmark restated a “buy” rating on shares of Microsoft in a research note on Friday, July 24th. Morgan Stanley restated an “overweight” rating on shares of Microsoft in a research note on Thursday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of Microsoft in a report on Thursday, October 29th. Finally, BMO Capital Markets set a $610.00 target price on shares of Microsoft in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, forty-five have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $609.54.

Read Our Latest Stock Analysis on Microsoft

About Microsoft

(Free Report)

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops software, cloud services, devices and digital platforms. Its products and services are used by consumers, businesses, governments and educational institutions worldwide.

The company’s principal offerings include the Windows operating system; Microsoft 365 productivity applications such as Word, Excel, Teams and Outlook; Azure cloud computing and infrastructure services; Dynamics business applications; and enterprise security solutions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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