Strategic Blueprint LLC Has $24.98 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Strategic Blueprint LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,271 shares of the software giant's stock after buying an additional 2,857 shares during the quarter. Microsoft accounts for about 1.5% of Strategic Blueprint LLC's investment portfolio, making the stock its 11th largest position. Strategic Blueprint LLC's holdings in Microsoft were worth $24,983,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new position in Microsoft during the 3rd quarter valued at $2,645,000. Oak Ridge Investments LLC increased its holdings in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant's stock worth $113,399,000 after purchasing an additional 18,544 shares during the period. Focus Financial Network Inc. raised 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 valued at $32,830,000 after buying an additional 1,489 shares during the last quarter. Campbell Wealth Management bought a new stake in shares of Microsoft in the third quarter valued at about $3,314,000. Finally, Evernest Financial Advisors LLC grew its position in Microsoft by 389.2% during the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant's stock worth $23,137,000 after buying an additional 42,778 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. DA Davidson upgraded Microsoft from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $425.00 to $450.00 in a research report on Thursday, March 13th. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Tigress Financial boosted their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday. Mizuho decreased their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $510.59.

Microsoft Trading Up 0.5 %

Shares of MSFT traded up $1.82 during trading hours on Monday, hitting $393.08. 20,980,800 shares of the stock traded hands, compared to its average volume of 19,342,332. The business has a fifty day moving average of $408.34 and a 200-day moving average of $419.63. The firm has a market capitalization of $2.92 trillion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92. Microsoft Co. has a 1-year low of $376.91 and a 1-year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT - Get Free Report) last released 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 quarter in the prior year, the firm posted $2.93 EPS. Analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

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.