Simon Quick Advisors LLC Has $27.10 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Simon Quick Advisors LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 19.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,198 shares of the software giant's stock after acquiring an additional 11,647 shares during the quarter. Microsoft comprises approximately 1.5% of Simon Quick Advisors LLC's holdings, making the stock its 15th biggest holding. Simon Quick Advisors LLC's holdings in Microsoft were worth $27,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MSFT. Ball & Co Wealth Management Inc. bought a new stake in Microsoft in the fourth quarter valued at about $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the fourth quarter valued at $38,000. LSV Asset Management acquired a new position in Microsoft during the 4th quarter valued at about $44,000. IFS Advisors LLC grew its holdings in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last three months. Company insiders own 0.03% of the company's stock.

Microsoft Stock Performance

NASDAQ:MSFT traded down $0.30 during trading hours on Monday, hitting $503.02. 12,046,534 shares of the company traded hands, compared to its average volume of 22,656,043. The firm has a 50-day moving average of $470.64 and a 200 day moving average of $425.67. The stock has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $506.78.

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

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is 25.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. TD Securities raised their target price on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. Finally, Citigroup boosted their target price on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $534.14.

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.