Microsoft Corporation (NASDAQ:MSFT) Position Trimmed by Armstrong Henry H Associates Inc.

Armstrong Henry H Associates Inc. decreased its holdings in Microsoft Corporation (NASDAQ:MSFTFree Report) by 1.3% in the first quarter, Holdings Channel reports. The fund owned 665,373 shares of the software giant’s stock after selling 8,751 shares during the period. Microsoft accounts for approximately 24.2% of Armstrong Henry H Associates Inc.’s investment portfolio, making the stock its 2nd largest holding. Armstrong Henry H Associates Inc.’s holdings in Microsoft were worth $249,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC increased its holdings in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. increased its holdings in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC increased its holdings in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares during the last quarter. Strategic Financial Services Inc. increased its holdings in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. increased its holdings in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock valued at $737,000 after purchasing an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president now owns 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares of the company’s stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 over the last 90 days. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Barclays raised their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. UBS Group cut their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, Benchmark restated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $519.43.

Get Our Latest Report on MSFT

Microsoft Trading Up 0.4%

Shares of Microsoft stock opened at $492.27 on Thursday. The firm has a market cap of $3.66 trillion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $494.56. The company’s 50-day simple moving average is $444.31 and its 200-day simple moving average is $421.40. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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