Parcion Private Wealth LLC Has $26.88 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Parcion Private Wealth LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 71,491 shares of the software giant’s stock after selling 1,045 shares during the period. Microsoft accounts for about 2.5% of Parcion Private Wealth LLC’s portfolio, making the stock its 9th biggest position. Parcion Private Wealth LLC’s holdings in Microsoft were worth $26,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC raised its position in shares of Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after acquiring an additional 5,762,902 shares during the last quarter. Barclays PLC increased its holdings in Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after purchasing an additional 2,456,190 shares during the last quarter. California Public Employees Retirement System lifted its stake in Microsoft by 9.2% in the third quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock valued at $6,749,275,000 after buying an additional 1,796,956 shares during the period. Raymond James & Associates boosted its holdings in Microsoft by 0.8% during the third quarter. Raymond James & Associates now owns 10,671,615 shares of the software giant’s stock worth $3,369,562,000 after buying an additional 88,583 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Microsoft by 2.0% during the 3rd quarter. Brown Advisory Inc. now owns 10,620,705 shares of the software giant’s stock worth $3,353,488,000 after buying an additional 207,591 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction 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 in the company, valued at approximately $236,414,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Macquarie lifted their price objective on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada boosted their price target on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Raymond James lifted their target price on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Wells Fargo & Company raised their price target on Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $434.05.

Microsoft Stock Up 1.6 %

MSFT stock opened at $407.57 on Wednesday. The company has a market cap of $3.03 trillion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. The business has a 50-day simple moving average of $414.60 and a 200 day simple moving average of $386.93.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.32 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s payout ratio is presently 27.12%.

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.