Jean Philippe Courtois Sells 26,763 Shares of Microsoft Corporation (MSFT) Stock
Microsoft Corporation (NASDAQ:MSFT) 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 value of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares of the company’s stock, valued at $39,776,406. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jean Philippe Courtois also recently made the following trade(s):
- On Tuesday, July 25th, Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at 73.94 on Friday. The company has a 50-day moving average price of $73.08 and a 200 day moving average price of $68.93. The firm has a market capitalization of $569.50 billion, a price-to-earnings ratio of 27.28 and a beta of 0.99. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.96.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Thomson Reuters’ 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 period in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Microsoft Corporation will post $3.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
Institutional investors have recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. boosted its position 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 during the last quarter. 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 valued at $110,000 after buying an additional 1,200 shares during 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 valued at $113,000 after buying an additional 653 shares during 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 valued at $114,000 after buying an additional 837 shares during the last quarter. Finally, Ullmann Financial Group Inc. acquired a new position in Microsoft Corporation during the first quarter valued at approximately $132,000. Institutional investors and hedge funds own 73.46% of the company’s stock.
Several brokerages recently issued reports on MSFT. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday. Vetr lowered Microsoft Corporation from a “buy” rating to a “hold” rating and set a $76.10 price objective for the company. in a research report on Wednesday. Piper Jaffray Companies reiterated a “buy” rating and issued a $90.00 price objective on shares of Microsoft Corporation in a research report on Sunday, August 27th. BMO Capital Markets reiterated a “buy” rating and issued a $86.00 price objective on shares of Microsoft Corporation in a research report on Friday, August 25th. Finally, UBS AG reiterated an “overweight” rating on shares of Microsoft Corporation in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Microsoft Corporation currently has a consensus rating of “Buy” and a consensus target price of $76.51.
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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