Spirit of America Management Corp NY Has $7.33 Million Position in Microsoft Co. (NASDAQ:MSFT)

Spirit of America Management Corp NY trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,499 shares of the software giant’s stock after selling 190 shares during the quarter. Microsoft accounts for approximately 1.6% of Spirit of America Management Corp NY’s portfolio, making the stock its 17th largest holding. Spirit of America Management Corp NY’s holdings in Microsoft were worth $7,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MSFT. Monumental Financial Group Inc. bought a new stake in Microsoft in the 1st quarter valued at about $28,000. Atlantic Private Wealth LLC raised its stake in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after acquiring an additional 155 shares during the period. Hibernia Wealth Partners LLC bought a new stake in shares of Microsoft during the third quarter valued at about $69,000. Iron Horse Wealth Management LLC increased its position in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the fourth quarter valued at about $83,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Citigroup decreased their price target on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets upped their price target on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. UBS Group reissued a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, March 25th. Finally, BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $432.13.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $404.27 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. Microsoft Co. has a 1-year low of $275.37 and a 1-year high of $430.82. The company has a market capitalization of $3.00 trillion, a PE ratio of 36.55, a PEG ratio of 2.21 and a beta of 0.89. The business has a fifty day moving average price of $415.29 and a 200-day moving average price of $384.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the firm posted $2.32 earnings per share. Microsoft’s revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Insider Activity at Microsoft

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction 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 sale, the insider now directly 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 at this link. In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 over the last ninety days. Insiders own 0.03% of the company’s stock.

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.