Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the second quarter, Holdings Channel.com reports. The firm owned 13,555 shares of the software giant’s stock after buying an additional 70 shares during the quarter. Microsoft accounts for approximately 1.0% of Quantum Financial Advisors LLC’s portfolio, making the stock its 20th biggest position. Quantum Financial Advisors LLC’s holdings in Microsoft were worth $6,058,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new position in shares of Microsoft in the 4th quarter worth approximately $58,000. Richardson Capital Management LLC boosted its holdings in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares in the last quarter. PayPay Securities Corp grew its position in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the last quarter. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC acquired a new stake in shares of Microsoft during the 1st quarter valued at $80,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $401.70 on Friday. The company has a market cap of $2.99 trillion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.11 and a beta of 0.90. The business has a 50 day moving average price of $427.59 and a 200 day moving average price of $422.93. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period last year, the business posted $2.69 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.75%. Microsoft’s dividend payout ratio is 25.97%.

Insider Buying and Selling at Microsoft

In other news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. Insiders sold a total of 130,751 shares of company stock valued at $53,628,156 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSFT shares. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. New Street Research initiated coverage on shares of Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Tigress Financial boosted their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

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.