Traders Buy Microsoft (MSFT) on Weakness Following Insider Selling
Traders bought shares of Microsoft Co. (NASDAQ:MSFT) on weakness during trading hours on Friday following insider selling activity. $994.07 million flowed into the stock on the tick-up and $557.70 million flowed out of the stock on the tick-down, for a money net flow of $436.37 million into the stock. Of all companies tracked, Microsoft had the 2nd highest net in-flow for the day. Microsoft traded down ($2.18) for the day and closed at $109.57Specifically, EVP Kathleen T. Hogan sold 36,500 shares of the business’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $111.28, for a total value of $4,061,720.00. Following the completion of the sale, the executive vice president now owns 226,801 shares of the company’s stock, valued at approximately $25,238,415.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 2,000 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $107.18, for a total transaction of $214,360.00. Following the completion of the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $6,931,973.68. The disclosure for this sale can be found here. Insiders sold a total of 479,080 shares of company stock valued at $52,100,893 in the last three months. Insiders own 1.49% of the company’s stock.
Several equities research analysts have recently weighed in on MSFT shares. Oppenheimer reissued a “buy” rating and issued a $127.00 target price on shares of Microsoft in a research report on Monday, September 24th. Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $121.00 target price for the company in a research report on Friday, October 12th. Credit Suisse Group set a $125.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, August 27th. Royal Bank of Canada set a $124.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, September 10th. Finally, Bank of America boosted their target price on shares of Microsoft from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $121.88.
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 has a market cap of $862.07 billion, a PE ratio of 28.24, a PEG ratio of 2.04 and a beta of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.68%. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. Microsoft’s payout ratio is presently 43.30%.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of Microsoft by 1.4% during the 2nd quarter. BlackRock Inc. now owns 506,636,253 shares of the software giant’s stock worth $49,959,403,000 after buying an additional 6,786,483 shares in the last quarter. FMR LLC raised its position in shares of Microsoft by 4.5% during the 3rd quarter. FMR LLC now owns 242,245,441 shares of the software giant’s stock worth $27,705,612,000 after buying an additional 10,469,307 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock worth $9,209,934,000 after purchasing an additional 258,761 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Microsoft by 175,467.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 88,803,724 shares of the software giant’s stock worth $10,156,479,000 after purchasing an additional 88,753,143 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Microsoft by 3.6% in the 2nd quarter. Morgan Stanley now owns 58,069,024 shares of the software giant’s stock worth $5,726,188,000 after purchasing an additional 2,007,248 shares in the last quarter. 71.85% of the stock is owned by hedge funds and other institutional investors.
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Microsoft Company Profile (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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