Sollinda Capital Management LLC Sells 1,932 Shares of Microsoft Co. (NASDAQ:MSFT)

Sollinda Capital Management LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 58.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,375 shares of the software giant's stock after selling 1,932 shares during the period. Sollinda Capital Management LLC's holdings in Microsoft were worth $578,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Friedenthal Financial bought a new position in Microsoft during the 4th quarter valued at $45,000. Neo Ivy Capital Management bought a new position in Microsoft during the 4th quarter valued at $58,000. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant's stock valued at $59,000 after acquiring an additional 129 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant's stock valued at $70,000 after acquiring an additional 105 shares during the last quarter. Finally, PayPay Securities Corp boosted its stake in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant's stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT traded up $7.28 during mid-day trading on Friday, hitting $406.32. The company's stock had a trading volume of 29,640,094 shares, compared to its average volume of 18,152,042. The firm has a 50-day moving average price of $414.48 and a 200 day moving average price of $388.12. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.16 and a beta of 0.89. 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 fifty-two week low of $295.25 and a fifty-two week high of $430.82.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 38.87%. The company had revenue of $61.86 billion for the quarter, compared to analysts' expectations of $60.86 billion. During the same quarter in the previous year, the company posted $2.45 EPS. The business's revenue was up 17.0% compared to the same quarter last year. On average, research analysts predict that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft's payout ratio is 25.97%.

Analyst Ratings Changes

A number of research firms have commented on MSFT. Royal Bank of Canada increased their price objective on shares of Microsoft from $415.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Stifel Nicolaus restated a "buy" rating and issued a $455.00 price target on shares of Microsoft in a research report on Monday, April 22nd. Evercore ISI raised their price target on shares of Microsoft from $475.00 to $485.00 and gave the stock an "outperform" rating in a research report on Friday. Piper Sandler restated an "overweight" rating and issued a $465.00 price target (up from $455.00) on shares of Microsoft in a research report on Friday. Finally, Wedbush restated an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $452.61.

Insiders Place Their Bets

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

About Microsoft

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.