Traders Sell Shares of Microsoft (MSFT) on Strength (MSFT)
Investors sold shares of Microsoft Co. (NASDAQ:MSFT) on strength during trading on Monday. $184.47 million flowed into the stock on the tick-up and $240.00 million flowed out of the stock on the tick-down, for a money net flow of $55.53 million out of the stock. Of all companies tracked, Microsoft had the 0th highest net out-flow for the day. Microsoft traded up $0.09 for the day and closed at $88.28
MSFT has been the subject of a number of research reports. Canaccord Genuity restated a “buy” rating and set a $94.00 target price (up previously from $86.00) on shares of Microsoft in a research report on Friday, October 27th. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Atlantic Securities set a $83.00 target price on shares of Microsoft and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Barclays restated an “overweight” rating and set a $89.00 target price (up previously from $82.00) on shares of Microsoft in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $85.90.
The company has a market cap of $681,040.00, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. sell-side analysts expect that Microsoft Co. will post 3.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 56.76%.
In other news, insider Frank H. Brod sold 15,000 shares of the 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 sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the sale, the executive vice president now directly owns 185,278 shares in the company, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last three months, insiders sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares during the period. Capital Research Global Investors increased its stake in Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares during the period. Janus Henderson Group PLC increased its stake in Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares during the period. Legal & General Group Plc increased its stake in Microsoft by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after buying an additional 774,549 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Microsoft by 2.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 30,375,635 shares of the software giant’s stock worth $2,262,682,000 after acquiring an additional 753,152 shares in the last quarter. 73.16% of the stock is currently owned by institutional investors.
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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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