Armstrong Fleming & Moore Inc Cuts Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Armstrong Fleming & Moore Inc lowered its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 77.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 977 shares of the software giant's stock after selling 3,410 shares during the quarter. Armstrong Fleming & Moore Inc's holdings in Microsoft were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. WFA Asset Management Corp grew its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its holdings in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its position in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. Wealth Group Ltd. boosted its position in shares of Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick bought a new position in Microsoft during the fourth quarter valued at $1,375,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

NASDAQ MSFT traded up $7.16 on Friday, hitting $498.25. The company had a trading volume of 13,984,829 shares, compared to its average volume of 21,692,275. The company has a market capitalization of $3.70 trillion, a PE ratio of 38.50, a PEG ratio of 2.22 and a beta of 1.04. The company's fifty day moving average price is $459.28 and its 200-day moving average price is $423.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $500.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.94 EPS. As a group, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MSFT shares. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Bank of America decreased their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Royal Bank Of Canada reissued an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Jefferies Financial Group increased their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus target price of $524.71.

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.