Investors Buy Microsoft (MSFT) on Weakness After Insider Selling
Traders purchased shares of Microsoft Co. (NASDAQ:MSFT) on weakness during trading on Friday following insider selling activity. $1,105.43 million flowed into the stock on the tick-up and $710.80 million flowed out of the stock on the tick-down, for a money net flow of $394.63 million into the stock. Of all stocks tracked, Microsoft had the 3rd highest net in-flow for the day. Microsoft traded down ($4.37) for the day and closed at $104.82Specifically, insider Frank H. Brod sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $107.70, for a total value of $2,154,000.00. Following the completion of the transaction, the insider now owns 66,676 shares in the company, valued at $7,181,005.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $109.22, for a total transaction of $2,548,867.14. Following the completion of the transaction, the chief marketing officer now owns 190,570 shares of the company’s stock, valued at approximately $20,814,055.40. The disclosure for this sale can be found here. Insiders sold 299,255 shares of company stock valued at $32,229,279 in the last 90 days. 1.49% of the stock is currently owned by insiders.
Several equities analysts have issued reports on MSFT shares. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 19th. Oppenheimer set a $127.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, November 19th. DZ Bank restated a “buy” rating on shares of Microsoft in a research note on Thursday, October 18th. Macquarie restated a “buy” rating and issued a $125.00 price objective on shares of Microsoft in a research note on Thursday, October 25th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $120.00 price objective on shares of Microsoft in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. Microsoft presently has a consensus rating of “Buy” and a consensus target price of $121.88.
The firm has a market capitalization of $835.58 billion, a PE ratio of 27.02, a PEG ratio of 1.96 and a beta of 1.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 annualized dividend and a yield of 1.76%. Microsoft’s dividend payout ratio is currently 47.42%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Peak Capital Management LLC purchased a new position in Microsoft in the second quarter valued at about $107,000. Woodard & Co. Asset Management Group Inc. ADV increased its holdings in Microsoft by 90.5% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock valued at $119,000 after buying an additional 498 shares in the last quarter. WP Advisors LLC purchased a new position in Microsoft in the second quarter valued at about $131,000. Quattro Financial Advisors LLC purchased a new position in Microsoft in the third quarter valued at about $132,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in Microsoft in the second quarter valued at about $139,000. 71.90% of the stock is owned by hedge funds and other institutional investors.
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About Microsoft (NASDAQ:MSFT)
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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