Spinnaker Investment Group LLC cut its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 5.3% in the second quarter, HoldingsChannel.com reports. The fund owned 37,457 shares of the software giant’s stock after selling 2,088 shares during the period. Microsoft makes up 2.2% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 12th largest position. Spinnaker Investment Group LLC’s holdings in Microsoft were worth $13,972,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MSFT. A&I Financial Services LLC lifted its holdings in Microsoft by 10.2% during the second quarter. A&I Financial Services LLC now owns 2,058 shares of the software giant’s stock worth $768,000 after acquiring an additional 190 shares in the last quarter. Highland Financial Advisors LLC boosted its stake in Microsoft by 8.6% in the 2nd quarter. Highland Financial Advisors LLC now owns 1,840 shares of the software giant’s stock worth $686,000 after purchasing an additional 145 shares during the period. Fulcrum Equity Management increased its holdings in Microsoft by 18.0% during the 2nd quarter. Fulcrum Equity Management now owns 3,916 shares of the software giant’s stock worth $1,461,000 after purchasing an additional 597 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in Microsoft by 10.5% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 27,381 shares of the software giant’s stock worth $10,214,000 after purchasing an additional 2,593 shares in the last quarter. Finally, Sage Capital Advisors llc raised its stake in shares of Microsoft by 1.0% in the 2nd quarter. Sage Capital Advisors llc now owns 38,484 shares of the software giant’s stock valued at $14,355,000 after purchasing an additional 377 shares during the period. Institutional investors own 71.13% of the company’s stock.
Wall Street Analyst Weigh In
MSFT has been the subject of several recent research reports. New Street Research reduced their price objective on Microsoft from $675.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Microsoft in a research report on Monday, May 4th. Dbs Bank decreased their price target on shares of Microsoft from $678.00 to $573.00 in a research note on Thursday, May 7th. Tigress Financial lifted their price objective on shares of Microsoft from $680.00 to $690.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Stifel Nicolaus increased their target price on shares of Microsoft from $400.00 to $450.00 and gave the stock a “hold” rating in a report on Thursday, July 30th. Forty-two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $560.27.
Key Microsoft News
Here are the key news stories impacting Microsoft this week:
- Positive Sentiment: Microsoft announced a long-term partnership with Saudi Arabia’s HUMAIN to bring Arabic-language ALLAM AI models to Microsoft Foundry and Microsoft 365 Copilot. The agreement strengthens Microsoft’s enterprise-AI reach in the Middle East and could support additional Azure and Copilot adoption. Microsoft Expands Middle East AI Footprint Through Long-Term HUMAIN Deal
- Positive Sentiment: Microsoft and ChronoScale reportedly plan a 50-megawatt AI-compute deployment using NVIDIA GB300 systems. The project signals continued demand for Microsoft’s cloud and AI infrastructure, although it also implies substantial near-term capital spending. ChronoScale and Microsoft Plan 50 MW AI Compute Deployment
- Positive Sentiment: Microsoft’s Superintelligence team is pursuing internally developed frontier models and greater AI self-sufficiency. Building proprietary models could reduce dependence on outside providers and improve long-term economics if execution is successful. Microsoft AI Self-Sufficiency Strategy
- Positive Sentiment: Investor Bill Ackman’s Pershing Square reportedly made Microsoft its largest AI-related holding after reducing Alphabet exposure, adding an influential vote of confidence in Microsoft’s cloud, AI and backlog outlook. Bill Ackman’s Pershing Square Microsoft Investment
Insider Buying and Selling
In other Microsoft news, EVP Takeshi Numoto sold 4,810 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $496.48, for a total transaction of $2,388,068.80. Following the transaction, the executive vice president owned 42,677 shares of the company’s stock, valued at $21,188,276.96. The trade was a 10.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Judson Althoff sold 15,500 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $460.99, for a total value of $7,145,345.00. Following the completion of the sale, the chief executive officer directly owned 110,477 shares of the company’s stock, valued at approximately $50,928,792.23. The trade was a 12.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,310 shares of company stock worth $17,256,219. Company insiders own 0.03% of the company’s stock.
Microsoft Trading Up 1.8%
NASDAQ MSFT opened at $505.06 on Friday. Microsoft Corporation has a 12 month low of $349.20 and a 12 month high of $553.72. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $428.19 and a 200-day moving average of $411.73. The company has a market cap of $3.75 trillion, a PE ratio of 28.12, a PEG ratio of 1.60 and a beta of 1.11.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The software giant reported $4.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.50. The firm had revenue of $90.01 billion for the quarter, compared to analyst estimates of $87.62 billion. Microsoft had a net margin of 40.31% and a return on equity of 31.98%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.65 earnings per share. On average, equities research analysts anticipate that Microsoft Corporation will post 19.59 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.91 per share. The ex-dividend date is Thursday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. Microsoft’s dividend payout ratio (DPR) is presently 20.27%.
Microsoft Profile
Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.
Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).
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