Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Quent Capital LLC

Quent Capital LLC cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 39,415 shares of the software giant's stock after selling 1,608 shares during the period. Microsoft comprises about 1.6% of Quent Capital LLC's holdings, making the stock its 14th biggest holding. Quent Capital LLC's holdings in Microsoft were worth $14,796,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Mcdaniel Terry & Co. lifted its stake in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC lifted its stake in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares during the last quarter. Strategic Financial Services Inc. lifted its stake in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its stake in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 0.8%

Shares of Microsoft stock opened at $490.11 on Wednesday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $491.85. The business has a 50-day moving average of $441.90 and a two-hundred day moving average of $420.91. The company has a market capitalization of $3.64 trillion, a P/E ratio of 37.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $2.94 earnings per share. As a group, equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.68%. Microsoft's payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America decreased their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Raymond James Financial raised their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $515.68.

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.

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