Hager Investment Management Services LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Hager Investment Management Services LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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.

Several other institutional investors have also bought and sold shares of MSFT. BCK Partners Inc. raised its position in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Muirfield Wealth Advisors LLC raised its holdings in Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares during the period. Sequent Asset Management LLC lifted its stake in Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares in the last quarter. Cypress Point Wealth Management LLC boosted its holdings in shares of Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after buying an additional 25 shares during the period. Finally, Riverstone Advisors LLC increased its position in shares of Microsoft by 0.6% during the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $382.19 on Wednesday. The stock has a market cap of $2.84 trillion, a PE ratio of 30.77, a P/E/G ratio of 2.21 and a beta of 0.92. 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 firm has a 50-day moving average of $403.52 and a 200-day moving average of $418.45. Microsoft Co. has a 52-week low of $367.24 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $2.93 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analyst Weigh In

Several research firms recently commented on MSFT. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Stifel Nicolaus decreased their price objective on Microsoft from $515.00 to $475.00 and set a “buy” rating for the company in a report on Friday, March 7th. DA Davidson upgraded Microsoft from a “neutral” rating to a “buy” rating and boosted their target price for the company from $425.00 to $450.00 in a research note on Thursday, March 13th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price 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.