Journey Strategic Wealth LLC Has $22.77 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Journey Strategic Wealth LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,009 shares of the software giant’s stock after buying an additional 2,299 shares during the period. Microsoft makes up 0.9% of Journey Strategic Wealth LLC’s portfolio, making the stock its 8th biggest position. Journey Strategic Wealth LLC’s holdings in Microsoft were worth $22,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB grew its stake in shares of Microsoft by 1.8% in the 3rd quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant’s stock worth $1,204,664,000 after purchasing an additional 49,735 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in shares of Microsoft by 2.5% in the 3rd quarter. Rappaport Reiches Capital Management LLC now owns 9,723 shares of the software giant’s stock worth $4,184,000 after purchasing an additional 238 shares in the last quarter. Finally, Worth Asset Management LLC lifted its stake in Microsoft by 8.0% during the third quarter. Worth Asset Management LLC now owns 4,219 shares of the software giant’s stock valued at $1,815,000 after purchasing an additional 312 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group dropped their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Tigress Financial boosted their target price on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Mizuho decreased their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Loop Capital lifted their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.59.

Microsoft Stock Up 0.2 %

Microsoft stock opened at $390.58 on Friday. Microsoft Co. has a twelve month low of $376.91 and a twelve month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $406.52 and a 200-day moving average of $419.25. The stock has a market capitalization of $2.90 trillion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 period last year, the firm posted $2.93 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Microsoft 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.