Microsoft (NASDAQ:MSFT) Stock Price Down 2.5% – What’s Next?

Microsoft Corporation (NASDAQ:MSFTGet Free Report) shares fell 2.5% on Friday . The stock traded as low as $356.51 and last traded at $356.77. 37,573,448 shares changed hands during trading, an increase of 4% from the average session volume of 36,256,055 shares. The stock had previously closed at $365.97.

Trending Headlines about Microsoft

Here are the key news stories impacting Microsoft this week:

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MSFT shares. Scotiabank reduced their price objective on shares of Microsoft from $650.00 to $600.00 and set a “sector outperform” rating for the company in a report on Thursday, January 29th. Mizuho dropped their price target on shares of Microsoft from $640.00 to $620.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. Sanford C. Bernstein reiterated an “outperform” rating and set a $641.00 price target (down from $645.00) on shares of Microsoft in a research note on Thursday, January 29th. Guggenheim reissued a “buy” rating and set a $586.00 price objective on shares of Microsoft in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $590.00 price objective on shares of Microsoft in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $588.97.

Get Our Latest Analysis on MSFT

Microsoft Price Performance

The company has a market capitalization of $2.65 trillion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. The business’s 50-day moving average is $409.36 and its two-hundred day moving average is $467.44. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.09.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The software giant reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.86 by $0.28. Microsoft had a net margin of 39.04% and a return on equity of 32.34%. The business had revenue of $81.27 billion during the quarter, compared to the consensus estimate of $80.28 billion. During the same period in the prior year, the firm posted $3.23 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be issued a $0.91 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Microsoft’s dividend payout ratio is currently 22.76%.

Insiders Place Their Bets

In other Microsoft news, Director John W. Stanton acquired 5,000 shares of Microsoft stock in a transaction on Wednesday, February 18th. The stock was purchased at an average price of $397.35 per share, for a total transaction of $1,986,750.00. Following the purchase, the director directly owned 83,905 shares of the company’s stock, valued at $33,339,651.75. This trade represents a 6.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 12,321 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $409.52, for a total value of $5,045,695.92. Following the sale, the executive vice president directly owned 137,933 shares of the company’s stock, valued at approximately $56,486,322.16. This represents a 8.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Microsoft

Hedge funds and other institutional investors have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. purchased a new position in Microsoft in the fourth quarter valued at about $7,883,000. Purpose Unlimited Inc. bought a new position in shares of Microsoft during the 4th quarter valued at approximately $32,815,000. Carter Financial LLC purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $307,000. Cornerstone Planning LLC bought a new stake in shares of Microsoft in the 4th quarter worth approximately $6,474,000. Finally, AMG Asset Management Group Inc. bought a new stake in shares of Microsoft in the 4th quarter worth approximately $1,701,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Company Profile

(Get Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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