Inman Jager Wealth Management LLC Takes $19.72 Million Position in Microsoft Co. (NASDAQ:MSFT)

Inman Jager Wealth Management LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,791 shares of the software giant's stock, valued at approximately $19,722,000. Microsoft makes up 15.4% of Inman Jager Wealth Management LLC's holdings, making the stock its biggest position.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSFT. Piper Sandler restated an "overweight" rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Scotiabank began coverage on Microsoft in a research note on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target on the stock. Jefferies Financial Group decreased their price objective on shares of Microsoft from $550.00 to $500.00 and set a "buy" rating for the company in a research report on Monday. Wedbush reiterated an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a research note on Thursday, March 20th. Finally, Mizuho cut their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Four 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $508.86.

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Microsoft Trading Down 2.4 %

Shares of NASDAQ MSFT traded down $9.03 during trading on Thursday, reaching $373.11. The stock had a trading volume of 30,133,706 shares, compared to its average volume of 20,642,729. The company has a market cap of $2.77 trillion, a P/E ratio of 30.04, a PEG 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. 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 business's 50-day moving average price is $402.24 and its 200-day moving average price is $418.11.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its 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 last year, the firm earned $2.93 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 26.73%.

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.