Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Parkside Investments LLC

Parkside Investments LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,806 shares of the software giant's stock after selling 1,694 shares during the period. Parkside Investments LLC's holdings in Microsoft were worth $7,810,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Adamsbrown Wealth Consultants LLC raised its holdings in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares in the last quarter. Mcdaniel Terry & Co. raised its holdings in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after acquiring an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC raised its holdings in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. raised its holdings in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. raised its holdings in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after acquiring an additional 1,043 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last ninety days. Insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of MSFT opened at $503.02 on Tuesday. The firm has a 50-day moving average price of $471.98 and a 200 day moving average price of $426.18. The firm has a market capitalization of $3.74 trillion, a PE ratio of 38.87, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the firm posted $2.94 EPS. Microsoft's revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $530.00 price target (up from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. TD Securities boosted their target price on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Piper Sandler upped their price target on shares of Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $534.14.

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.

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