Investors Sell Microsoft Corporation (NASDAQ:MSFT) on Strength (NASDAQ:MSFT)
Investors sold shares of Microsoft Corporation (NASDAQ:MSFT) on strength during trading hours on Friday. $170.80 million flowed into the stock on the tick-up and $362.87 million flowed out of the stock on the tick-down, for a money net flow of $192.07 million out of the stock. Of all companies tracked, Microsoft Corporation had the 3rd highest net out-flow for the day. Microsoft Corporation traded up $1.09 for the day and closed at $72.50
Several equities research analysts have recently commented on the stock. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday. BidaskClub lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Goldman Sachs Group, Inc. (The) set a $88.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 4th. Credit Suisse Group set a $84.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday. Finally, Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price target for the company in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $76.15.
The firm has a market capitalization of $558.41 billion, a price-to-earnings ratio of 26.75 and a beta of 1.01. The company’s 50 day moving average price is $71.64 and its 200 day moving average price is $67.88.
Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Corporation will post $3.22 EPS 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 issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is currently 57.78%.
In other news, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the completion of the sale, the insider now owns 570,843 shares in the company, valued at approximately $39,388,167. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total value of $207,330.00. Following the sale, the executive vice president now owns 216,507 shares of the company’s stock, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. Insiders have sold a total of 7,060,855 shares of company stock valued at $512,251,908 in the last quarter. Company insiders own 2.99% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in MSFT. Acrospire Investment Management LLC boosted its position 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 worth $110,000 after buying an additional 1,200 shares in the last quarter. Hefty Wealth Partners boosted its position in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. boosted its position 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 worth $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation during the first quarter worth $132,000. Finally, Stelac Advisory Services LLC boosted its position in Microsoft Corporation by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after buying an additional 387 shares in the last quarter. Hedge funds and other institutional investors own 72.86% 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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