Quantum Financial Advisors LLC Has $5.69 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Quantum Financial Advisors LLC reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,153 shares of the software giant's stock after selling 637 shares during the quarter. Microsoft accounts for approximately 0.8% of Quantum Financial Advisors LLC's holdings, making the stock its 23rd biggest position. Quantum Financial Advisors LLC's holdings in Microsoft were worth $5,688,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Microsoft in the 4th quarter valued at $44,343,058,000. GAMMA Investing LLC grew its holdings in Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after acquiring an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the last quarter. Northern Trust Corp grew its holdings in Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

NASDAQ:MSFT opened at $495.94 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $499.30. The firm has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.33, a P/E/G ratio of 2.52 and a beta of 1.03. The firm's 50-day simple moving average is $449.47 and its 200 day simple moving average is $422.12.

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

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. 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 0.67%. Microsoft's payout ratio is currently 25.66%.

Insider Activity

In related news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred 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 sale, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MSFT shares. Tigress Financial raised their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Jefferies Financial Group upped 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, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company increased their target price on shares of Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $521.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.