Strategic Financial Concepts LLC Purchases 2,041 Shares of Microsoft Co. (NASDAQ:MSFT)

Strategic Financial Concepts LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,683 shares of the software giant's stock after purchasing an additional 2,041 shares during the period. Strategic Financial Concepts LLC's holdings in Microsoft were worth $2,817,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after purchasing an additional 652,493 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Microsoft by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant's stock worth $12,007,285,000 after buying an additional 636,713 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 1.0 %

NASDAQ:MSFT traded down $3.83 during trading hours on Friday, hitting $367.78. 20,940,221 shares of the company were exchanged, compared to its average volume of 21,246,383. The stock has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The company has a fifty day simple moving average of $388.25 and a 200 day simple moving average of $412.78. 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 issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $2.93 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

Several analysts recently weighed in on MSFT shares. Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and upped their price target for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday. Wedbush dropped their price target on shares of Microsoft from $550.00 to $475.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $499.97.

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.