Parallel Advisors LLC Has $79.60 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Parallel Advisors LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 188,846 shares of the software giant’s stock after purchasing an additional 3,505 shares during the quarter. Microsoft accounts for 1.8% of Parallel Advisors LLC’s holdings, making the stock its 7th biggest holding. Parallel Advisors LLC’s holdings in Microsoft were worth $79,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the third quarter valued at about $62,000. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft in the fourth quarter valued at about $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Down 1.0%

MSFT stock opened at $450.18 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm’s fifty day simple moving average is $402.37 and its 200-day simple moving average is $413.88. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a market capitalization of $3.35 trillion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same period in the previous year, the business posted $2.94 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent research reports. The Goldman Sachs Group lifted their price objective on Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho lifted their price objective on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Finally, Jefferies Financial Group lifted their target price on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $513.13.

Read Our Latest Analysis on MSFT

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction 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. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,743 shares of company stock worth $58,375,673 in the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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