OFC Financial Planning LLC Invests $1.59 Million in Microsoft Co. (NASDAQ:MSFT)

OFC Financial Planning LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,761 shares of the software giant’s stock, valued at approximately $1,585,000. Microsoft makes up about 1.7% of OFC Financial Planning LLC’s portfolio, making the stock its 13th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter worth $38,000. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares in the last quarter. IFS Advisors LLC lifted its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management boosted its position in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Stifel Nicolaus cut their target price on shares of Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, March 7th. UBS Group lowered their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Loop Capital increased their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Scotiabank assumed coverage on Microsoft in a research report on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $510.59.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $389.97 on Thursday. The company has a market cap of $2.90 trillion, a price-to-earnings ratio of 31.40, a PEG ratio of 2.21 and a beta of 0.92. The business has a 50 day moving average price of $407.20 and a 200 day moving average price of $419.45. 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 Co. has a twelve month low of $376.91 and a twelve month high of $468.35.

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

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.