Strategic Financial Concepts LLC Buys 2,037,857 Shares of Microsoft Co. (NASDAQ:MSFT)

Strategic Financial Concepts LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 43,900.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,042,499 shares of the software giant’s stock after acquiring an additional 2,037,857 shares during the period. Microsoft accounts for about 1.7% of Strategic Financial Concepts LLC’s portfolio, making the stock its 13th biggest position. Strategic Financial Concepts LLC’s holdings in Microsoft were worth $860,913,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Leo Wealth LLC lifted its position in shares of Microsoft by 0.8% during the 4th quarter. Leo Wealth LLC now owns 43,199 shares of the software giant’s stock worth $18,111,000 after buying an additional 332 shares in the last quarter. 1900 Wealth Management LLC lifted its holdings in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after acquiring an additional 294 shares during the period. Iron Horse Wealth Management LLC boosted its position in Microsoft by 82.4% in the fourth quarter. Iron Horse Wealth Management LLC now owns 1,288 shares of the software giant’s stock worth $543,000 after purchasing an additional 582 shares during the last quarter. Consolidated Portfolio Review Corp grew its stake in Microsoft by 122.9% in the 4th quarter. Consolidated Portfolio Review Corp now owns 36,134 shares of the software giant’s stock valued at $15,230,000 after purchasing an additional 19,923 shares during the period. Finally, Hedeker Wealth LLC increased its position in shares of Microsoft by 0.5% during the 4th quarter. Hedeker Wealth LLC now owns 46,962 shares of the software giant’s stock valued at $19,794,000 after purchasing an additional 224 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

MSFT opened at $359.84 on Friday. The stock has a market capitalization of $2.68 trillion, a P/E ratio of 28.97, a PEG ratio of 2.21 and a beta of 1.00. 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 Co. has a 12-month low of $359.48 and a 12-month high of $468.35. The stock has a 50-day moving average price of $399.08 and a 200-day moving average price of $417.40.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 firm earned $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal 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 paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MSFT. Jefferies Financial Group reduced their price target on shares of Microsoft from $550.00 to $500.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Stifel Nicolaus reduced 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. Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $508.86.

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.