Steigerwald Gordon & Koch Inc. Has $38.21 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Steigerwald Gordon & Koch Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,792 shares of the software giant’s stock after acquiring an additional 353 shares during the quarter. Microsoft makes up approximately 4.2% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 2nd biggest position. Steigerwald Gordon & Koch Inc.’s holdings in Microsoft were worth $38,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Matrix Trust Co lifted its holdings in Microsoft by 1.8% during the 3rd quarter. Matrix Trust Co now owns 5,678 shares of the software giant’s stock worth $2,443,000 after buying an additional 102 shares during the period. Planned Solutions Inc. increased its stake in shares of Microsoft by 29.5% in the third quarter. Planned Solutions Inc. now owns 4,443 shares of the software giant’s stock valued at $1,912,000 after buying an additional 1,012 shares during the period. Cadinha & Co. LLC raised its position in shares of Microsoft by 0.5% during the third quarter. Cadinha & Co. LLC now owns 53,156 shares of the software giant’s stock worth $22,873,000 after acquiring an additional 267 shares during the last quarter. Guardian Asset Advisors LLC lifted its stake in shares of Microsoft by 1.4% in the third quarter. Guardian Asset Advisors LLC now owns 13,305 shares of the software giant’s stock worth $5,729,000 after acquiring an additional 183 shares during the period. Finally, Cypress Wealth Services LLC boosted its holdings in Microsoft by 5.0% in the third quarter. Cypress Wealth Services LLC now owns 12,291 shares of the software giant’s stock valued at $5,289,000 after acquiring an additional 589 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on MSFT. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Sanford C. Bernstein cut their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. BMO Capital Markets lowered their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Buying and Selling at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This trade represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,431 shares of company stock valued at $85,796,688 in the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $418.79 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a 50-day simple moving average of $421.69 and a two-hundred day simple moving average of $426.35. The firm has a market capitalization of $3.11 trillion, a PE ratio of 34.55, a P/E/G ratio of 2.21 and a beta of 0.91. Microsoft Co. has a 52-week low of $362.90 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.99 earnings per share. Analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.79%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 27.39%.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.