Investors Sell Microsoft Corporation (MSFT) on Strength on Insider Selling
Investors sold shares of Microsoft Corporation (NASDAQ:MSFT) on strength during trading on Tuesday following insider selling activity. $221.97 million flowed into the stock on the tick-up and $431.45 million flowed out of the stock on the tick-down, for a money net flow of $209.48 million out of the stock. Of all stocks tracked, Microsoft Corporation had the 0th highest net out-flow for the day. Microsoft Corporation traded up $1.19 for the day and closed at $83.72Specifically, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction 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 approximately $37,097,878.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of Microsoft Corporation stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders sold a total of 108,763 shares of company stock valued at $8,242,232 over the last ninety days. 1.49% of the stock is currently owned by corporate insiders.
MSFT has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. set a $80.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Cowen and Company restated an “outperform” rating and issued a $85.00 target price (up previously from $80.00) on shares of Microsoft Corporation in a research note on Monday, July 31st. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 target price on the stock in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) set a $88.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $84.21.
The stock has a market cap of $641,160.00, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. equities research analysts forecast that Microsoft Corporation will post 3.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is currently 56.76%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Microsoft Corporation by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. State Street Corp lifted its stake in shares of Microsoft Corporation by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after buying an additional 2,552,473 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Microsoft Corporation by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after buying an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Microsoft Corporation by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after buying an additional 42,243,011 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Microsoft Corporation by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after buying an additional 774,549 shares in the last quarter. Institutional investors own 73.14% of the company’s stock.
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Microsoft Corporation Company Profile
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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