Investors Buy Shares of Microsoft Corporation (MSFT) on Weakness
Investors purchased shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading hours on Tuesday. $316.30 million flowed into the stock on the tick-up and $111.05 million flowed out of the stock on the tick-down, for a money net flow of $205.25 million into the stock. Of all stocks tracked, Microsoft Corporation had the highest net in-flow for the day. Microsoft Corporation traded down ($0.06) for the day and closed at $77.59
A number of research analysts have recently issued reports on the stock. Morningstar, Inc. restated a “neutral” rating on shares of Microsoft Corporation in a research report on Monday. Stifel Nicolaus restated a “buy” rating on shares of Microsoft Corporation in a research report on Thursday, October 12th. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target on the stock. in a research report on Tuesday, September 12th. Finally, Canaccord Genuity restated a “hold” rating and issued a $76.00 price target on shares of Microsoft Corporation in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $77.44.
The firm has a market capitalization of $597.62 billion, a PE ratio of 28.63 and a beta of 1.01. The stock’s 50 day moving average price is $74.73 and its 200-day moving average price is $71.14.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the firm posted $0.69 EPS. The business’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Microsoft Corporation will post $3.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.17%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is 57.78%.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. Insiders own 2.99% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. boosted its holdings in shares of Microsoft Corporation by 4.7% in the 2nd 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 holdings in shares of Microsoft Corporation by 300.0% in the 2nd 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 holdings in shares of Microsoft Corporation by 65.6% in the 2nd 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 holdings in shares of Microsoft Corporation by 93.0% in the 1st 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 stake in shares of Microsoft Corporation in the 1st quarter valued at approximately $132,000. 73.37% of the stock is owned by institutional investors.
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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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