Microsoft Co. (NASDAQ:MSFT) is Parallel Advisors LLC’s 2nd Largest Position

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Parallel Advisors LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 234.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,882 shares of the software giant’s stock after acquiring an additional 278,929 shares during the quarter. Microsoft comprises approximately 5.2% of Parallel Advisors LLC’s holdings, making the stock its 2nd biggest position. Parallel Advisors LLC’s holdings in Microsoft were worth $53,300,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Guardian Investment Management increased its holdings in Microsoft by 4.2% in the 4th quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock worth $3,125,000 after acquiring an additional 1,240 shares in the last quarter. Navellier & Associates Inc grew its holdings in Microsoft by 0.6% during the 2nd quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock valued at $2,050,000 after buying an additional 95 shares in the last quarter. Empirical Finance LLC grew its holdings in Microsoft by 3.5% during the 2nd quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock valued at $1,166,000 after buying an additional 295 shares in the last quarter. Legacy Financial Strategies LLC purchased a new stake in Microsoft during the 2nd quarter valued at approximately $211,000. Finally, Independence Bank of Kentucky grew its holdings in Microsoft by 0.6% during the 2nd quarter. Independence Bank of Kentucky now owns 14,960 shares of the software giant’s stock valued at $2,004,000 after buying an additional 95 shares in the last quarter. 72.49% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. CIBC increased their price objective on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Canaccord Genuity increased their price objective on shares of Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group set a $93.00 price objective on shares of Microsoft and gave the company a “sell” rating in a report on Friday, July 19th. Mizuho set a $152.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Cowen assumed coverage on shares of Microsoft in a report on Thursday, July 11th. They set an “outperform” rating and a $150.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $149.21.

In other news, insider Frank H. Brod sold 4,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the transaction, the insider now directly owns 64,152 shares in the company, valued at approximately $9,048,639.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total value of $967,050.00. Following the transaction, the chief marketing officer now owns 122,817 shares of the company’s stock, valued at $16,967,168.55. The disclosure for this sale can be found here. Insiders have sold a total of 33,819 shares of company stock valued at $4,603,450 over the last quarter. Corporate insiders own 1.38% of the company’s stock.

Shares of NASDAQ MSFT traded up $2.24 during midday trading on Thursday, reaching $139.87. 4,465,828 shares of the stock traded hands, compared to its average volume of 22,883,080. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The stock has a market capitalization of $1,038.72 billion, a PE ratio of 29.45, a P/E/G ratio of 2.37 and a beta of 1.22. Microsoft Co. has a one year low of $93.96 and a one year high of $141.68. The company’s 50 day moving average is $137.14 and its 200 day moving average is $127.48.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The firm had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. As a group, equities analysts forecast that Microsoft Co. will post 5.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.32%. Microsoft’s dividend payout ratio is currently 38.74%.

Microsoft Profile

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.

Read More: Equal Weight Rating

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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