Parker Investment Management LLC Has $14.46 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Parker Investment Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,299 shares of the software giant's stock after selling 1,376 shares during the quarter. Microsoft accounts for approximately 2.3% of Parker Investment Management LLC's portfolio, making the stock its 10th largest position. Parker Investment Management LLC's holdings in Microsoft were worth $14,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management boosted its stake in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft in the third quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft in the fourth quarter worth approximately $141,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In other news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,243 shares of company stock worth $41,288,738 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. Raymond James upped their target price on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Stifel Nicolaus increased their price objective on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wedbush increased their price objective on Microsoft from $475.00 to $515.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, DA Davidson increased their price objective on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $509.16.

Microsoft Stock Up 0.3%

MSFT traded up $1.14 during trading on Friday, reaching $454.27. The stock had a trading volume of 23,797,504 shares, compared to its average volume of 21,563,395. The stock's 50 day moving average is $395.33 and its two-hundred day moving average is $412.61. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.38 trillion, a price-to-earnings ratio of 36.58, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.94 earnings per share. As a group, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. Microsoft's payout ratio is presently 25.66%.

About Microsoft

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.