Lockerman Financial Group Inc. Has $1.56 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Lockerman Financial Group Inc. trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 4,154 shares of the software giant’s stock after selling 31 shares during the quarter. Microsoft comprises about 2.4% of Lockerman Financial Group Inc.’s portfolio, making the stock its 10th biggest holding. Lockerman Financial Group Inc.’s holdings in Microsoft were worth $1,559,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter worth $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter worth $38,000. LSV Asset Management acquired a new position in shares of Microsoft during the 4th quarter worth $44,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after buying an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last quarter. 0.03% of the stock is owned by company insiders.

Microsoft Trading Down 0.3%

NASDAQ MSFT opened at $510.05 on Friday. The business’s 50-day moving average price is $477.78 and its two-hundred day moving average price is $428.49. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $514.64. The firm has a market capitalization of $3.79 trillion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft’s payout ratio is 25.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler boosted their price target on Microsoft from $475.00 to $600.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. upped their target price on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Raymond James Financial upped their target price on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 target price for the company in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $525.00 target price on shares of Microsoft in a report on Friday, May 23rd. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $541.79.

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.