Steigerwald Gordon & Koch Inc. decreased its holdings in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 86,586 shares of the software giant’s stock after selling 1,086 shares during the quarter. Microsoft comprises about 3.6% of Steigerwald Gordon & Koch Inc.’s investment portfolio, making the stock its 2nd largest holding. Steigerwald Gordon & Koch Inc.’s holdings in Microsoft were worth $32,504,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. WFA Asset Management Corp increased its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Wealth Group Ltd. boosted its stake in shares of Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after buying an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick acquired a new position in Microsoft during the fourth quarter worth about $1,375,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Down 0.2%
MSFT stock opened at $491.09 on Thursday. The firm has a 50 day simple moving average of $457.07 and a 200 day simple moving average of $423.04. The firm has a market cap of $3.65 trillion, a PE ratio of 37.95, a P/E/G ratio of 2.23 and a beta of 1.04. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $500.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is 25.66%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on MSFT shares. Mizuho lifted their price objective on Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. TD Securities upped their target price on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Cantor Fitzgerald raised their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, DA Davidson lifted their price target on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $524.71.
Read Our Latest Report on Microsoft
Insiders Place Their Bets
In related news, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last three months. 0.03% of the stock is owned by insiders.
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.
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