Investors Buy Microsoft Corporation (MSFT) on Weakness After Insider Selling
Investors bought shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading hours on Friday following insider selling activity. $391.15 million flowed into the stock on the tick-up and $258.18 million flowed out of the stock on the tick-down, for a money net flow of $132.97 million into the stock. Of all companies tracked, Microsoft Corporation had the highest net in-flow for the day. Microsoft Corporation traded down ($0.83) for the day and closed at $73.94Specifically, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,108,526 shares of company stock valued at $515,879,974. Insiders own 2.99% of the company’s stock.
Several research firms recently weighed in on MSFT. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research downgraded shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price target for the company in a research report on Wednesday, May 17th. Jefferies Group LLC restated a “sell” rating and set a $49.00 price target (up previously from $45.00) on shares of Microsoft Corporation in a research report on Monday, July 17th. Finally, UBS AG restated a “buy” rating and set a $82.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $76.51.
The company has a market cap of $569.50 billion, a PE ratio of 27.28 and a beta of 1.01. The company has a 50 day moving average of $73.08 and a 200 day moving average of $68.93.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities research analysts predict that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.11%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Appropriate Balance Financial Services Inc. boosted its stake in Microsoft Corporation by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after buying an additional 29 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Microsoft Corporation by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. Hefty Wealth Partners boosted its stake in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. boosted its stake in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Finally, Ullmann Financial Group Inc. bought a new stake in Microsoft Corporation during the first quarter valued at about $132,000. Institutional investors and hedge funds own 73.46% of the company’s stock.
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About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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