Microsoft Co. (NASDAQ:MSFT) Position Lessened by Parker Investment Management LLC

Parker Investment Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 17.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,773 shares of the software giant’s stock after selling 13,519 shares during the quarter. Microsoft comprises about 3.8% of Parker Investment Management LLC’s holdings, making the stock its 9th largest position. Parker Investment Management LLC’s holdings in Microsoft were worth $16,379,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Northwest Wealth Management LLC lifted its position in shares of Microsoft by 0.8% in the 1st quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after purchasing an additional 37 shares during the period. Flynn Zito Capital Management LLC raised its stake in Microsoft by 0.4% in the first quarter. Flynn Zito Capital Management LLC now owns 10,532 shares of the software giant’s stock worth $3,247,000 after buying an additional 38 shares in the last quarter. Financial Advisors Network Inc. lifted its holdings in Microsoft by 1.1% in the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after buying an additional 39 shares during the period. Trinity Financial Advisors LLC boosted its position in Microsoft by 0.9% during the 1st quarter. Trinity Financial Advisors LLC now owns 4,636 shares of the software giant’s stock valued at $1,429,000 after acquiring an additional 40 shares in the last quarter. Finally, Atlas Financial Advisors Inc. grew its holdings in shares of Microsoft by 3.3% during the 1st quarter. Atlas Financial Advisors Inc. now owns 1,267 shares of the software giant’s stock worth $391,000 after acquiring an additional 40 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MSFT shares. Jefferies Financial Group lowered their target price on Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Piper Sandler lowered their price objective on Microsoft from $275.00 to $265.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Cowen dropped their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Oppenheimer decreased their price objective on shares of Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Finally, Moffett Nathanson assumed coverage on shares of Microsoft in a research report on Thursday, September 22nd. They issued a “hold” rating and a $285.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $300.64.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.0 %

Shares of Microsoft stock opened at $247.58 on Friday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $344.30. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $237.12 and a 200-day moving average price of $255.62. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. Equities research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.10%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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