Traders Sell Microsoft Corporation (MSFT) on Strength Following Insider Selling
Investors sold shares of Microsoft Corporation (NASDAQ:MSFT) on strength during trading hours on Thursday after an insider sold shares in the company. $194.46 million flowed into the stock on the tick-up and $558.96 million flowed out of the stock on the tick-down, for a money net flow of $364.50 million out of the stock. Of all equities tracked, Microsoft Corporation had the 3rd highest net out-flow for the day. Microsoft Corporation traded up $0.76 for the day and closed at $74.77Specifically, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders have sold 7,081,763 shares of company stock valued at $513,899,512 in the last three months. 2.99% of the stock is owned by corporate insiders.
MSFT has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $77.00 price objective on shares of Microsoft Corporation in a research note on Monday, May 29th. Goldman Sachs Group Inc reissued a “buy” rating and set a $78.00 price objective on shares of Microsoft Corporation in a research note on Tuesday, May 9th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $71.81 price objective for the company in a research note on Thursday, May 4th. Deutsche Bank AG lifted their price objective on Microsoft Corporation from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Finally, Canaccord Genuity reissued a “buy” rating and set a $68.00 price objective on shares of Microsoft Corporation in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $76.51.
The stock has a market capitalization of $575.90 billion, a P/E ratio of 27.59 and a beta of 1.01. The firm has a 50-day moving average price of $72.63 and a 200 day moving average price of $68.58.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that Microsoft Corporation will post $3.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.09%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
Large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its stake in shares of 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 period. Hefty Wealth Partners increased its stake in shares of 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 period. Asset Planning Services Ltd. increased its stake in shares of 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 period. Ullmann Financial Group Inc. purchased a new stake in shares of Microsoft Corporation during the first quarter valued at $132,000. Finally, Stelac Advisory Services LLC increased its stake in shares of 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 buying an additional 387 shares during the period. Institutional investors own 73.46% of the company’s stock.
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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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