Investors Sell Shares of Microsoft Corporation (MSFT) on Strength (MSFT)
Traders sold shares of Microsoft Corporation (NASDAQ:MSFT) on strength during trading on Monday. $110.58 million flowed into the stock on the tick-up and $228.25 million flowed out of the stock on the tick-down, for a money net flow of $117.67 million out of the stock. Of all companies tracked, Microsoft Corporation had the 5th highest net out-flow for the day. Microsoft Corporation traded up $0.16 for the day and closed at $77.65
Several analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $88.00 target price (up from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Stifel Nicolaus reissued a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research note on Monday, July 17th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Wells Fargo & Company set a $82.50 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. Microsoft Corporation has an average rating of “Buy” and a consensus price target of $77.44.
The firm has a market capitalization of $598.08 billion, a PE ratio of 28.65 and a beta of 1.01. The firm has a 50 day moving average of $74.73 and a 200 day moving average of $71.14.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $0.69 earnings per share. Equities analysts expect that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is 57.78%.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares in the company, valued at approximately $39,776,406. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction that occurred on 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. Insiders have sold a total of 7,108,526 shares of company stock valued at $515,879,974 in the last quarter. 2.99% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of MSFT. Acrospire Investment Management LLC lifted its position in shares of Microsoft Corporation by 300.0% during the 2nd 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 during the last quarter. Hefty Wealth Partners lifted its position in shares of Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. lifted its position in shares of Microsoft Corporation by 93.0% during the 1st 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 during the last quarter. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation during the 1st quarter worth approximately $132,000. Finally, Stelac Advisory Services LLC lifted its position in shares of Microsoft Corporation by 23.5% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 73.37% of the company’s stock.
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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