Steigerwald Gordon & Koch Inc. Lowers Stake in Microsoft Corporation (NASDAQ:MSFT)

Steigerwald Gordon & Koch Inc. decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,586 shares of the software giant's stock after selling 1,086 shares during the period. Microsoft comprises 3.6% of Steigerwald Gordon & Koch Inc.'s portfolio, making the stock its 2nd largest holding. Steigerwald Gordon & Koch Inc.'s holdings in Microsoft were worth $32,504,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $38,000. LSV Asset Management bought a new stake in shares of Microsoft in the fourth quarter worth about $44,000. Fairway Wealth LLC bought a new position in shares of Microsoft during the 4th quarter valued at approximately $62,000. Finally, IFS Advisors LLC raised its position in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value 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 trade represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, DA Davidson boosted their target price on Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $524.71.

Microsoft Price Performance

NASDAQ:MSFT opened at $491.09 on Thursday. The company has a 50 day moving average price of $457.07 and a 200-day moving average price of $423.04. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $500.76. The firm has a market cap of $3.65 trillion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. 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 (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.94 earnings per share. Equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

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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