Microsoft Co. (NASDAQ:MSFT) Shares Sold by Conrad Siegel Investment Advisors Inc.

Conrad Siegel Investment Advisors Inc. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 19.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,007 shares of the software giant’s stock after selling 983 shares during the quarter. Microsoft comprises about 0.5% of Conrad Siegel Investment Advisors Inc.’s holdings, making the stock its 15th largest position. Conrad Siegel Investment Advisors Inc.’s holdings in Microsoft were worth $1,686,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Friedenthal Financial acquired a new stake in Microsoft in the 4th quarter worth about $45,000. Neo Ivy Capital Management acquired a new stake in shares of Microsoft in the fourth quarter worth approximately $58,000. PayPay Securities Corp grew its holdings in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the period. Cooksen Wealth LLC acquired a new position in Microsoft during the fourth quarter worth approximately $86,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Microsoft in the 3rd quarter valued at $87,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by company insiders.

Microsoft Stock Up 0.9 %

NASDAQ:MSFT opened at $449.78 on Monday. The firm has a market capitalization of $3.34 trillion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $450.94. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $419.96 and a 200-day moving average of $407.44.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the prior year, the business earned $2.45 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. Analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup upped their price objective on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Jefferies Financial Group boosted their target price on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, June 17th. Finally, KeyCorp initiated coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $467.12.

About Microsoft

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.