SignalPoint Asset Management LLC Trims Position in Microsoft Co. (MSFT)

SignalPoint Asset Management LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 13.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,419 shares of the software giant’s stock after selling 4,675 shares during the period. Microsoft comprises 1.4% of SignalPoint Asset Management LLC’s portfolio, making the stock its 15th biggest holding. SignalPoint Asset Management LLC’s holdings in Microsoft were worth $3,000,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Live Your Vision LLC lifted its stake in Microsoft by 58.7% during the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after purchasing an additional 509 shares during the period. CX Institutional bought a new position in Microsoft during the second quarter worth about $145,000. Spectrum Financial Alliance Ltd LLC bought a new position in Microsoft during the first quarter worth about $147,000. Ballew Advisors Inc bought a new position in Microsoft during the first quarter worth about $164,000. Finally, JJJ Advisors Inc. bought a new position in Microsoft during the second quarter worth about $199,000. Institutional investors and hedge funds own 71.92% of the company’s stock.

In related news, CFO Amy Hood sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total value of $13,086,200.00. Following the completion of the sale, the chief financial officer now owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the transaction, the chief executive officer now directly owns 778,596 shares in the company, valued at $85,209,546.24. The disclosure for this sale can be found here. In the last three months, insiders sold 826,460 shares of company stock valued at $90,058,992. 1.49% of the stock is currently owned by company insiders.

A number of research analysts have commented on the stock. Credit Suisse Group restated a “buy” rating and set a $125.00 price target on shares of Microsoft in a research note on Monday, September 10th. Nomura set a $118.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. Wells Fargo & Co set a $120.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Sanford C. Bernstein set a $135.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Griffin Securities raised their price objective on shares of Microsoft from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft presently has an average rating of “Buy” and an average target price of $121.88.

Shares of Microsoft stock opened at $106.16 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85. The company has a market capitalization of $817.41 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.94 and a beta of 1.26. Microsoft Co. has a fifty-two week low of $80.70 and a fifty-two week high of $116.18.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.18. The business had revenue of $29.08 billion during the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. Microsoft’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. Equities analysts predict that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is currently 43.30%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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