Conrad Siegel Investment Advisors Inc. Grows Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Conrad Siegel Investment Advisors Inc. grew its position in Microsoft Corporation (NASDAQ:MSFT) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,214 shares of the software giant’s stock after buying an additional 78 shares during the period. Microsoft accounts for about 0.4% of Conrad Siegel Investment Advisors Inc.’s portfolio, making the stock its 19th largest position. Conrad Siegel Investment Advisors Inc.’s holdings in Microsoft were worth $1,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft in the fourth quarter worth about $31,000. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares in the last quarter. LSV Asset Management purchased a new stake in Microsoft during the 4th quarter worth approximately $44,000. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $497.45 on Friday. The firm has a market cap of $3.70 trillion, a PE ratio of 38.44, a P/E/G ratio of 2.50 and a beta of 1.03. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $498.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $446.90 and a 200 day moving average price of $421.75.

Microsoft (NASDAQ:MSFT) 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. Sell-side analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup lifted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Wells Fargo & Company increased their price objective on Microsoft from $565.00 to $585.00 and gave the company an “overweight” rating in a report on Wednesday. Scotiabank raised their price objective on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 1st. Finally, Raymond James Financial upped their target price on Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $521.14.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president now directly owns 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now owns 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company’s stock.

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.