Parcion Private Wealth LLC Has $30.32 Million Position in Microsoft Co. (NASDAQ:MSFT)

Parcion Private Wealth LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,927 shares of the software giant's stock after buying an additional 989 shares during the quarter. Microsoft makes up approximately 2.3% of Parcion Private Wealth LLC's investment portfolio, making the stock its 11th largest position. Parcion Private Wealth LLC's holdings in Microsoft were worth $30,317,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Flossbach Von Storch SE lifted its holdings in Microsoft by 3.8% during the 4th quarter. Flossbach Von Storch SE now owns 3,483,360 shares of the software giant's stock worth $1,468,236,000 after buying an additional 127,575 shares during the period. Pacific Sun Financial Corp raised its position in shares of Microsoft by 1.4% during the fourth quarter. Pacific Sun Financial Corp now owns 4,371 shares of the software giant's stock worth $1,842,000 after acquiring an additional 59 shares during the last quarter. O Brien Greene & Co. Inc lifted its stake in shares of Microsoft by 0.8% in the fourth quarter. O Brien Greene & Co. Inc now owns 21,692 shares of the software giant's stock worth $9,143,000 after acquiring an additional 180 shares during the period. Dash Acquisitions Inc. boosted its holdings in Microsoft by 1.7% in the fourth quarter. Dash Acquisitions Inc. now owns 86,580 shares of the software giant's stock valued at $38,719,000 after acquiring an additional 1,432 shares during the last quarter. Finally, Citizens National Bank Trust Department increased its position in Microsoft by 0.9% during the 4th quarter. Citizens National Bank Trust Department now owns 35,065 shares of the software giant's stock valued at $14,780,000 after purchasing an additional 327 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wedbush reduced their price objective on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets decreased their price target on Microsoft from $490.00 to $470.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. UBS Group dropped their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group reaffirmed a "buy" rating and set a $475.00 target price (down previously from $500.00) on shares of Microsoft in a research note on Monday, April 7th. Finally, Morgan Stanley cut their price target on Microsoft from $530.00 to $472.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $493.13.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $387.30 on Friday. The firm has a market cap of $2.88 trillion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The stock has a fifty day simple moving average of $385.28 and a two-hundred day simple moving average of $411.53. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business posted $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

About Microsoft

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.

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