OFC Financial Planning LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

OFC Financial Planning LLC acquired a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,761 shares of the software giant's stock, valued at approximately $1,585,000. Microsoft makes up 1.7% of OFC Financial Planning LLC's investment portfolio, making the stock its 13th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Net Worth Advisory Group bought a new position in Microsoft during the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC grew 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 valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. Focus Financial Network Inc. raised its position in Microsoft by 2.0% in the 3rd 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 during the period. Campbell Wealth Management bought a new stake in Microsoft in the third quarter worth $3,314,000. Finally, Evernest Financial Advisors LLC boosted 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 valued at $23,137,000 after buying an additional 42,778 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Piper Sandler restated an "overweight" rating and issued a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Tigress Financial lifted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Scotiabank started coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target for the company. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $510.59.

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Microsoft Stock Down 3.0 %

MSFT traded down $11.78 during midday trading on Friday, reaching $378.80. The company's stock had a trading volume of 21,606,792 shares, compared to its average volume of 20,523,498. Microsoft Co. has a 1 year low of $376.91 and a 1 year high of $468.35. The stock's 50-day moving average is $405.52 and its 200-day moving average is $419.06. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.21 and a beta of 0.92. 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 posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 prior year, the company posted $2.93 EPS. As a group, research analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.88%. 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.