Quantum Financial Planning Services Inc. Acquires Shares of 1,903 Microsoft Co. (NASDAQ:MSFT)

Quantum Financial Planning Services Inc. bought a new position in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,903 shares of the software giant’s stock, valued at approximately $802,000. Microsoft makes up about 0.4% of Quantum Financial Planning Services Inc.’s portfolio, making the stock its 12th largest holding.

A number of other large investors have also made changes to their positions in MSFT. Fiduciary Advisors Inc. acquired a new position in Microsoft in the 4th quarter valued at approximately $38,000. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares in the last quarter. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter valued at $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.5 %

Shares of MSFT opened at $393.08 on Tuesday. The company has a 50-day moving average price of $408.34 and a two-hundred day moving average price of $419.63. Microsoft Co. has a 12 month low of $376.91 and a 12 month high of $468.35. The stock has a market cap of $2.92 trillion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 2.21 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $2.93 earnings per share. Equities analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. Scotiabank began coverage on Microsoft in a research report on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 target price on the stock. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Thursday, March 20th. Morgan Stanley dropped their price target on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus reduced their price objective on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $510.59.

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.