Parker Investment Management LLC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Parker Investment Management LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 17.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 63,773 shares of the software giant’s stock after selling 13,519 shares during the period. Microsoft makes up about 3.8% of Parker Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. Parker Investment Management LLC’s holdings in Microsoft were worth $16,379,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MSFT. University of Texas Texas AM Investment Managment Co. grew its stake in Microsoft by 1,316.7% in the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after purchasing an additional 79 shares in the last quarter. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the 1st quarter worth $28,000. Newfound Research LLC grew its position in shares of Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after buying an additional 60 shares in the last quarter. Darrow Company Inc. purchased a new position in shares of Microsoft during the second quarter valued at $82,000. Finally, Evolution Advisers Inc. raised its holdings in shares of Microsoft by 36.4% in the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after acquiring an additional 91 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Credit Suisse Group dropped their target price on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Royal Bank of Canada cut their price objective on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Wolfe Research lowered their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Finally, Cowen lowered their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Trading Up 1.0 %

Shares of MSFT stock opened at $247.58 on Friday. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $344.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The stock’s fifty day moving average is $237.12 and its two-hundred day moving average is $255.62. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same period last year, the firm posted $2.27 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.10%. Microsoft’s dividend payout ratio is 29.31%.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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