Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,829 shares of the software giant’s stock after purchasing an additional 197 shares during the period. Microsoft makes up 3.3% of Parkside Financial Bank & Trust’s investment portfolio, making the stock its 3rd biggest holding. Parkside Financial Bank & Trust’s holdings in Microsoft were worth $21,377,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after buying an additional 3,078,099 shares during the period. Capital International Investors lifted its position in Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after acquiring an additional 842,884 shares during the last quarter. Rhumbline Advisers boosted its holdings in Microsoft by 0.3% during the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the period. Swedbank AB grew its position in shares of Microsoft by 2.7% in the second quarter. Swedbank AB now owns 13,640,068 shares of the software giant’s stock valued at $6,096,428,000 after purchasing an additional 360,171 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Microsoft by 15.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,931,721 shares of the software giant’s stock worth $5,019,942,000 after purchasing an additional 1,613,050 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSFT. KeyCorp increased their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America increased their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. UBS Group dropped their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $495.68.

Microsoft Stock Up 0.3 %

Shares of MSFT opened at $418.16 on Monday. The company has a market capitalization of $3.11 trillion, a P/E ratio of 36.20, a PEG ratio of 2.22 and a beta of 0.90. Microsoft Co. has a one year low of $324.39 and a one year high of $468.35. The business’s 50 day simple moving average is $419.66 and its 200-day simple moving average is $424.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts predict that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has authorized a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 28.74%.

Microsoft Profile

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.