46,791 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, Holdings Channel reports. The fund bought 46,791 shares of the software giant’s stock, valued at approximately $19,722,000. Microsoft makes up approximately 15.4% of Inman Jager Wealth Management LLC’s holdings, making the stock its biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp increased its stake in Microsoft by 27.0% in the 1st 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 last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of Microsoft by 1.8% in the third 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. Cliftonlarsonallen Wealth Advisors LLC raised its stake in Microsoft by 11.0% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 36,763 shares of the software giant’s stock valued at $15,819,000 after purchasing an additional 3,654 shares in the last quarter. Finally, Discipline Wealth Solutions LLC lifted its position in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 0.0 %

Shares of Microsoft stock opened at $382.14 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a fifty day moving average of $402.24 and a 200 day moving average of $418.11. The company has a market capitalization of $2.84 trillion, a P/E ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $367.24 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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 period in the prior year, the company posted $2.93 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors 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 0.87%. Microsoft’s dividend payout ratio is presently 26.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSFT. Mizuho lowered their price objective 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. DA Davidson raised Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Scotiabank started coverage on Microsoft in a research note on Thursday, March 20th. They set a “sector outperform” rating and a $470.00 price target for the company. UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Finally, 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. Four equities 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, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $508.86.

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.