Parkside Investments LLC Decreases Position in Microsoft Co. (NASDAQ:MSFT)

Parkside Investments LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT) by 4.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,500 shares of the software giant’s stock after selling 1,039 shares during the period. Microsoft comprises approximately 1.4% of Parkside Investments LLC’s holdings, making the stock its 29th largest position. Parkside Investments LLC’s holdings in Microsoft were worth $9,484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc boosted its position in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the period. IFS Advisors LLC lifted its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management boosted its holdings in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC purchased a new stake in Microsoft in the fourth quarter worth $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MSFT shares. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Stifel Nicolaus reduced their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Mizuho lowered their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $510.43.

Microsoft Trading Up 0.0 %

Shares of NASDAQ:MSFT opened at $388.70 on Tuesday. The business’s 50-day moving average is $411.64 and its 200 day moving average is $420.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 31.30, a P/E/G ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the company earned $2.93 EPS. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is currently 26.73%.

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.