Steigerwald Gordon & Koch Inc. Decreases Stake in Microsoft Co. (NASDAQ:MSFT)

Steigerwald Gordon & Koch Inc. cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,672 shares of the software giant’s stock after selling 1,120 shares during the quarter. Microsoft makes up 4.2% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 2nd largest position. Steigerwald Gordon & Koch Inc.’s holdings in Microsoft were worth $36,954,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Liberty One Investment Management LLC boosted its position in Microsoft by 3.4% in the 4th quarter. Liberty One Investment Management LLC now owns 51,179 shares of the software giant’s stock valued at $21,572,000 after buying an additional 1,673 shares during the last quarter. SeaTown Holdings Pte. Ltd. raised its position in shares of Microsoft by 4.8% during the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 23,485 shares of the software giant’s stock worth $9,899,000 after acquiring an additional 1,080 shares during the last quarter. Kelly Financial Services LLC lifted its stake in shares of Microsoft by 1.5% during the fourth quarter. Kelly Financial Services LLC now owns 4,455 shares of the software giant’s stock valued at $1,878,000 after acquiring an additional 66 shares during the period. Cadinha & Co. LLC boosted its holdings in Microsoft by 0.7% in the fourth quarter. Cadinha & Co. LLC now owns 53,524 shares of the software giant’s stock valued at $22,560,000 after acquiring an additional 368 shares during the last quarter. Finally, Clarius Group LLC increased its position in Microsoft by 1.1% in the fourth quarter. Clarius Group LLC now owns 313,283 shares of the software giant’s stock worth $132,049,000 after purchasing an additional 3,259 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSFT. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. UBS Group cut their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Finally, Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Trading Down 2.1 %

NASDAQ MSFT opened at $388.49 on Tuesday. The stock has a market capitalization of $2.89 trillion, a P/E ratio of 31.28, a P/E/G ratio of 2.21 and a beta of 0.90. The business has a 50 day simple moving average of $419.75 and a 200 day simple moving average of $422.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company posted $2.93 earnings per share. Research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

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.