Steigerwald Gordon & Koch Inc. reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,358 shares of the software giant’s stock after selling 882 shares during the period. Microsoft accounts for about 4.7% 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 $20,057,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Virtus ETF Advisers LLC raised its stake in Microsoft by 230.5% during the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock valued at $40,000 after buying an additional 136 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Microsoft during the third quarter valued at $45,000. Selective Wealth Management Inc. raised its position in shares of Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after purchasing an additional 50 shares during the last quarter. Virtus Alternative Investment Advisers Inc. bought a new position in Microsoft in the 2nd quarter worth about $48,000. Finally, Your Advocates Ltd. LLP grew its position in Microsoft by 588.2% during the 2nd quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock valued at $71,000 after purchasing an additional 300 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of MSFT opened at $219.66 on Friday. The business has a 50-day simple moving average of $211.82 and a two-hundred day simple moving average of $196.06. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86. The stock has a market cap of $1,662.31 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.54 and a beta of 0.92.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The company had revenue of $38.03 billion during the quarter, compared to the consensus estimate of $36.59 billion. On average, equities analysts anticipate that Microsoft Co. will post 6.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be paid a $0.56 dividend. The ex-dividend date is Wednesday, November 18th. This is a boost from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.02%. Microsoft’s dividend payout ratio is 35.42%.
In other Microsoft news, EVP Jean Philippe Courtois sold 15,014 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $213.59, for a total value of $3,206,840.26. Following the completion of the sale, the executive vice president now owns 545,484 shares in the company, valued at approximately $116,509,927.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 30,871 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $209.90, for a total value of $6,479,822.90. Following the sale, the executive vice president now directly owns 176 shares in the company, valued at $36,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 164,067 shares of company stock worth $35,247,737 over the last 90 days. Insiders own 1.39% of the company’s stock.
Several research analysts have recently issued reports on MSFT shares. Citigroup upped their target price on shares of Microsoft from $179.00 to $216.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. UBS Group began coverage on Microsoft in a research report on Wednesday. They issued a “buy” rating and a $243.00 price objective on the stock. BMO Capital Markets lifted their target price on Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. They noted that the move was a valuation call. BidaskClub raised Microsoft from a “sell” rating to a “hold” rating in a report on Tuesday, September 29th. Finally, Bank of America reaffirmed a “buy” rating and set a $230.00 price objective on shares of Microsoft in a research report on Monday, July 20th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $220.30.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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