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

Inman Jager Wealth Management LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,791 shares of the software giant’s stock, valued at approximately $19,722,000. Microsoft accounts for approximately 15.4% of Inman Jager Wealth Management LLC’s portfolio, making the stock its largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. acquired a new position in Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC increased its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management raised its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Scotiabank assumed coverage on Microsoft in a research note on Thursday, March 20th. They issued a “sector outperform” rating and a $470.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Thursday, March 20th. Finally, Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $508.86.

Microsoft Trading Down 0.0 %

NASDAQ:MSFT opened at $382.14 on Thursday. Microsoft Co. has a 12 month low of $367.24 and a 12 month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $402.24 and its 200 day moving average is $418.11. The stock has a market capitalization of $2.84 trillion, a PE ratio of 30.77, a price-to-earnings-growth ratio of 2.21 and a beta of 0.92.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 last year, the firm earned $2.93 EPS. Sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.87%. Microsoft’s dividend payout ratio is presently 26.73%.

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.