Microsoft Co. (NASDAQ:MSFT) Position Raised by Quantum Private Wealth LLC

Quantum Private Wealth LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,392 shares of the software giant’s stock after acquiring an additional 1,910 shares during the period. Microsoft makes up approximately 6.3% of Quantum Private Wealth LLC’s holdings, making the stock its 4th biggest position. Quantum Private Wealth LLC’s holdings in Microsoft were worth $19,554,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Centerpoint Advisory Group purchased a new stake in Microsoft in the fourth quarter worth approximately $2,390,000. Palumbo Wealth Management LLC boosted its stake in shares of Microsoft by 5.5% in the 4th quarter. Palumbo Wealth Management LLC now owns 17,171 shares of the software giant’s stock worth $7,237,000 after buying an additional 901 shares during the last quarter. bLong Financial LLC bought a new stake in shares of Microsoft in the fourth quarter worth $4,479,000. Legacy Capital Wealth Partners LLC lifted its holdings in Microsoft by 4.1% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 9,009 shares of the software giant’s stock valued at $3,797,000 after acquiring an additional 354 shares during the period. Finally, Everhart Financial Group Inc. boosted its position in Microsoft by 12.5% in the fourth quarter. Everhart Financial Group Inc. now owns 48,169 shares of the software giant’s stock worth $20,303,000 after purchasing an additional 5,342 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $367.78 on Friday. The firm has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a PEG ratio of 2.21 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a 50 day simple moving average of $388.25 and a 200-day simple moving average of $412.78. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the business earned $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating on the stock in a report on Friday, March 7th. UBS Group cut their price objective on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price objective on Microsoft from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $499.97.

Microsoft Company 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.