Traders Buy Shares of Microsoft Corporation (MSFT) on Weakness
Traders purchased shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading on Friday. $456.19 million flowed into the stock on the tick-up and $223.41 million flowed out of the stock on the tick-down, for a money net flow of $232.78 million into the stock. Of all stocks tracked, Microsoft Corporation had the 4th highest net in-flow for the day. Microsoft Corporation traded down ($0.22) for the day and closed at $83.87
MSFT has been the topic of several recent research reports. Raymond James Financial, Inc. lifted their target price on Microsoft Corporation to $84.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Deutsche Bank AG reissued a “buy” rating and issued a $85.00 price objective (up from $80.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $88.00 price objective (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 price objective on shares of Microsoft Corporation in a research note on Monday, July 17th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $83.00 price objective (up from $75.00) on shares of Microsoft Corporation in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $83.64.
The company has a market cap of $647,022.69, a PE ratio of 24.81, a PEG ratio of 1.97 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 released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm 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 business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. equities analysts expect that Microsoft Corporation will post 3.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is presently 53.06%.
In other news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction on 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 $9,770,516.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was 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 directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,763 shares of company stock worth $7,240,712. Insiders own 1.49% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Appropriate Balance Financial Services Inc. increased its stake 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 acquiring an additional 29 shares during the last quarter. Acrospire Investment Management LLC increased its stake 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 acquiring an additional 1,200 shares during the last quarter. Hefty Wealth Partners increased its stake 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 acquiring an additional 653 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation in the first quarter valued at $132,000. Finally, Stelac Advisory Services LLC increased its stake 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 valued at $140,000 after acquiring an additional 387 shares during the last quarter. 73.35% of the stock is currently owned by institutional investors and hedge funds.
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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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