Hager Investment Management Services LLC Acquires New Stake in Microsoft Co. (NASDAQ:MSFT)

Hager Investment Management Services LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 18,355 shares of the software giant's stock, valued at approximately $7,737,000. Microsoft accounts for approximately 4.8% of Hager Investment Management Services LLC's holdings, making the stock its 4th biggest position.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $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 grew its position in Microsoft by 4.1% in the 3rd 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 worth $23,490,417,000 after purchasing an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. raised its stake 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 buying an additional 652,493 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock worth $16,104,959,000 after buying an additional 406,940 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Mizuho reduced their target price on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Loop Capital upped their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Westpark Capital initiated coverage on shares of Microsoft in a research report on Tuesday. They set a "hold" rating on the stock. Finally, Piper Sandler reiterated an "overweight" rating and issued a $520.00 price target on shares of Microsoft in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $508.86.

Microsoft Stock Performance

Shares of MSFT stock traded down $0.05 during trading hours on Wednesday, hitting $382.14. The company's stock had a trading volume of 15,927,448 shares, compared to its average volume of 20,588,437. The company has a 50 day moving average of $403.52 and a 200 day moving average of $418.45. The stock has a market cap 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. 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 $367.24 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is currently 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.