Microsoft Co. (NASDAQ:MSFT) Position Lifted by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,009 shares of the software giant’s stock after buying an additional 2,299 shares during the quarter. Microsoft accounts for 0.9% of Journey Strategic Wealth LLC’s portfolio, making the stock its 8th largest position. Journey Strategic Wealth LLC’s holdings in Microsoft were worth $22,765,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Net Worth Advisory Group acquired a new position in Microsoft during the 3rd quarter worth approximately $2,645,000. Oak Ridge Investments LLC raised its stake in shares of Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. lifted its position in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares in the last quarter. Campbell Wealth Management purchased a new position in shares of Microsoft in the third quarter valued at $3,314,000. Finally, Evernest Financial Advisors LLC boosted its stake in shares of Microsoft by 389.2% in the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after purchasing an additional 42,778 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 0.2 %

NASDAQ:MSFT opened at $390.58 on Friday. The firm has a market capitalization of $2.90 trillion, a P/E ratio of 31.45, a P/E/G ratio of 2.21 and a beta of 0.92. The business has a 50 day simple moving average of $406.52 and a 200 day simple moving average of $419.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 12-month low of $376.91 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 in the prior year, the business earned $2.93 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. UBS Group dropped their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and increased their price target for the company from $425.00 to $450.00 in a report on Thursday, March 13th. Morgan Stanley dropped their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the stock currently 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.