Parkside Advisors LLC Has $2.92 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Parkside Advisors LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,794 shares of the software giant’s stock after selling 50 shares during the period. Microsoft comprises about 0.7% of Parkside Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Parkside Advisors LLC’s holdings in Microsoft were worth $2,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP bought a new position in Microsoft in the 2nd quarter worth approximately $45,000. Innealta Capital LLC bought a new position in Microsoft in the 2nd quarter valued at $75,000. Bellevue Group AG increased its stake in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC raised its position in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,431 shares of company stock worth $74,956,968 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Morgan Stanley lifted their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Finally, Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Trading Up 1.0 %

Shares of Microsoft stock opened at $417.00 on Monday. The business has a 50-day moving average price of $421.94 and a 200-day moving average price of $426.30. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $362.90 and a twelve month high of $468.35. The firm has a market cap of $3.10 trillion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.19 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the business posted $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has initiated a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are 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 given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio is currently 27.39%.

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.