Parkside Investments LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 38.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,157 shares of the software giant’s stock after selling 14,080 shares during the quarter. Microsoft comprises 1.2% of Parkside Investments LLC’s portfolio, making the stock its 27th biggest holding. Parkside Investments LLC’s holdings in Microsoft were worth $4,509,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Selective Wealth Management Inc. boosted its holdings in shares of Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after purchasing an additional 50 shares during the period. Avondale Wealth Management boosted its holdings in shares of Microsoft by 25.4% in the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock worth $73,000 after purchasing an additional 94 shares during the period. Sofos Investments Inc. boosted its holdings in shares of Microsoft by 15.5% in the 1st quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock worth $81,000 after purchasing an additional 343 shares during the period. Cypress Capital Management LLC WY boosted its holdings in shares of Microsoft by 14.3% in the 1st quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after purchasing an additional 95 shares during the period. Finally, Lake Point Wealth Management boosted its holdings in shares of Microsoft by 32.8% in the 1st quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock worth $123,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.
Shares of MSFT stock opened at $205.01 on Friday. Microsoft Co. has a 1-year low of $130.78 and a 1-year high of $216.38. The stock’s fifty day moving average price is $202.18 and its 200 day moving average price is $178.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.52 and a quick ratio of 2.49. The company has a market cap of $1,546.26 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The firm had revenue of $38.03 billion for the quarter, compared to the consensus estimate of $36.59 billion. As a group, equities research analysts anticipate that Microsoft Co. will post 6.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.00%. Microsoft’s dividend payout ratio (DPR) is 35.42%.
A number of brokerages recently issued reports on MSFT. Sanford C. Bernstein reissued a “buy” rating and set a $233.00 price target on shares of Microsoft in a research note on Thursday, July 23rd. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 23rd. Goldman Sachs Group set a $215.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Monday, July 20th. Griffin Securities raised their price target on Microsoft from $192.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Citigroup raised their price target on Microsoft from $179.00 to $216.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $213.23.
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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