Microsoft Co. (NASDAQ:MSFT) Shares Sold by Sprinkle Financial Consultants LLC

Sprinkle Financial Consultants LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,942 shares of the software giant’s stock after selling 120 shares during the quarter. Microsoft comprises approximately 0.8% of Sprinkle Financial Consultants LLC’s portfolio, making the stock its 27th biggest holding. Sprinkle Financial Consultants LLC’s holdings in Microsoft were worth $1,240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BCK Partners Inc. grew its stake in Microsoft by 1.8% during the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after buying an additional 24 shares during the last quarter. Muirfield Wealth Advisors LLC boosted its holdings in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares in the last quarter. Sequent Asset Management LLC boosted its position in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC lifted its position in shares of Microsoft by 0.8% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after acquiring an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC boosted its position in shares of Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after buying an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent research reports. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $425.00 to $450.00 in a report on Thursday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Wedbush restated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Thursday, March 20th. Piper Sandler reiterated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Finally, Scotiabank started coverage on shares of Microsoft in a report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price on the stock. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $508.86.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $359.84 on Friday. The firm’s 50 day simple moving average is $399.08 and its 200 day simple moving average is $417.30. The company has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.21 and a beta of 1.00. Microsoft Co. has a fifty-two week low of $359.48 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the business posted $2.93 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Microsoft Company 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.