Parsec Financial Management Inc. Has $37.15 Million Position in Microsoft Co. (MSFT)

Parsec Financial Management Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 498,688 shares of the software giant’s stock after selling 5,371 shares during the quarter. Microsoft comprises approximately 2.7% of Parsec Financial Management Inc.’s investment portfolio, making the stock its 4th largest holding. Parsec Financial Management Inc.’s holdings in Microsoft were worth $37,147,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares during the period. State Street Corp grew its stake in shares of Microsoft by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Capital Research Global Investors grew its stake in shares of Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC grew its stake in shares of Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Microsoft by 1.1% during the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after purchasing an additional 425,485 shares during the period. Institutional investors own 73.16% of the company’s stock.

In other news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.

Microsoft Co. (MSFT) opened at $87.11 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $672,020.00, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. Microsoft Co. has a fifty-two week low of $61.95 and a fifty-two week high of $87.66.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. equities research analysts forecast that Microsoft Co. will post 3.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.93%. Microsoft’s dividend payout ratio is presently 56.76%.

A number of equities research analysts have recently commented on the stock. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday. Zacks Investment Research cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Oppenheimer set a $100.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada set a $100.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.87.

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Microsoft Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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