Microsoft Co. (MSFT) Position Raised by Parkside Advisors LLC

Parkside Advisors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 141.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,393 shares of the software giant’s stock after buying an additional 3,745 shares during the period. Microsoft makes up 0.4% of Parkside Advisors LLC’s portfolio, making the stock its 24th largest holding. Parkside Advisors LLC’s holdings in Microsoft were worth $649,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Pure Financial Advisors Inc. grew its position in Microsoft by 9.5% during the fourth quarter. Pure Financial Advisors Inc. now owns 9,321 shares of the software giant’s stock valued at $947,000 after buying an additional 809 shares during the period. Global Trust Asset Management LLC grew its holdings in shares of Microsoft by 90.1% in the fourth quarter. Global Trust Asset Management LLC now owns 17,130 shares of the software giant’s stock valued at $1,740,000 after purchasing an additional 8,120 shares in the last quarter. HT Partners LLC grew its holdings in shares of Microsoft by 11.6% in the fourth quarter. HT Partners LLC now owns 5,752 shares of the software giant’s stock valued at $584,000 after purchasing an additional 599 shares in the last quarter. Visionary Asset Management Inc. grew its holdings in shares of Microsoft by 47.9% in the fourth quarter. Visionary Asset Management Inc. now owns 7,180 shares of the software giant’s stock valued at $729,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Abner Herrman & Brock LLC grew its holdings in Microsoft by 1.3% during the 4th quarter. Abner Herrman & Brock LLC now owns 259,088 shares of the software giant’s stock worth $26,316,000 after acquiring an additional 3,234 shares in the last quarter. 72.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Microsoft stock traded up $1.60 during trading hours on Friday, hitting $123.37. The company’s stock had a trading volume of 27,990,998 shares, compared to its average volume of 20,665,014. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08. The company has a market capitalization of $949.92 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.22. Microsoft Co. has a 12 month low of $90.28 and a 12 month high of $123.52.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 30th. The software giant reported $1.10 EPS for the quarter, beating the consensus estimate of $1.09 by $0.01. The firm had revenue of $32.47 billion during the quarter, compared to analysts’ expectations of $32.53 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 4.42 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.49%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Goldman Sachs Group reissued a “buy” rating and issued a $131.00 price objective on shares of Microsoft in a research note on Thursday. Wedbush restated an “outperform” rating and issued a $150.00 target price (up from $140.00) on shares of Microsoft in a report on Thursday. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. Microsoft has an average rating of “Buy” and a consensus price target of $125.00.

In related news, insider Jean Philippe Courtois sold 28,147 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.14, for a total transaction of $3,043,816.58. Following the sale, the insider now owns 497,162 shares in the company, valued at approximately $53,763,098.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank H. Brod sold 7,220 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $112.76, for a total value of $814,127.20. Following the completion of the transaction, the insider now directly owns 53,069 shares in the company, valued at $5,984,060.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,667 shares of company stock worth $35,657,016. Corporate insiders own 1.38% of the company’s stock.

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About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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