Inman Jager Wealth Management LLC Purchases 36 Shares of Microsoft Corporation (NASDAQ:MSFT)

Inman Jager Wealth Management LLC increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,827 shares of the software giant’s stock after buying an additional 36 shares during the period. Microsoft comprises 13.2% of Inman Jager Wealth Management LLC’s portfolio, making the stock its largest holding. Inman Jager Wealth Management LLC’s holdings in Microsoft were worth $17,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft in the fourth quarter valued at about $31,000. Newton One Investments LLC lifted its holdings in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Microsoft in the fourth quarter valued at about $44,000. Fairway Wealth LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at about $62,000. Finally, IFS Advisors LLC lifted its holdings in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.5%

NASDAQ MSFT opened at $527.75 on Wednesday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market capitalization of $3.92 trillion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.06. The company’s fifty day moving average price is $492.99 and its two-hundred day moving average price is $436.40.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same period in the prior year, the firm posted $2.95 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. As a group, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 24.34%.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,743 shares of company stock valued at $24,921,913. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MSFT. Barclays upped their price target on shares of Microsoft from $550.00 to $625.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Sanford C. Bernstein boosted their price objective on shares of Microsoft from $540.00 to $637.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Microsoft from $525.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $609.86.

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.