Armstrong Fleming & Moore Inc Sells 360 Shares of Microsoft Co. (NASDAQ:MSFT)

Armstrong Fleming & Moore Inc lowered its position in Microsoft Co. (NASDAQ:MSFT) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,387 shares of the software giant’s stock after selling 360 shares during the quarter. Microsoft makes up about 1.1% of Armstrong Fleming & Moore Inc’s portfolio, making the stock its 18th biggest position. Armstrong Fleming & Moore Inc’s holdings in Microsoft were worth $1,849,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MSFT. Assenagon Asset Management S.A. increased its holdings in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock valued at $4,439,407,000 after acquiring an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC increased its stake in Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. Baillie Gifford & Co. increased its stake in Microsoft by 46.1% during the 3rd quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock valued at $3,032,859,000 after purchasing an additional 2,222,483 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after buying an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC lifted its stake in shares of Microsoft by 43,900.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock worth $860,913,000 after buying an additional 2,037,857 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of MSFT opened at $435.28 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $3.24 trillion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.21 and a beta of 1.00. The business’s 50-day moving average is $384.93 and its 200-day moving average is $411.12. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.94 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

Several brokerages have weighed in on MSFT. JPMorgan Chase & Co. increased their price target on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research report on Thursday. Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a research note on Thursday. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Barclays upped their price objective on shares of Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their target price on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $507.77.

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.