Microsoft Corporation (MSFT) Sees Large Growth in Short Interest
Microsoft Corporation (NASDAQ:MSFT) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 53,332,782 shares, an increase of 6.2% from the October 13th total of 50,228,092 shares. Based on an average daily trading volume, of 25,175,056 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.7% of the shares of the stock are sold short.
Microsoft Corporation (MSFT) opened at $83.93 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The company has a market cap of $647,022.69, a P/E ratio of 24.81, a P/E/G ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. Microsoft Corporation’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. analysts forecast that Microsoft Corporation will post 3.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is 53.06%.
A number of research analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $88.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Argus upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $57.28 to $95.00 in a research note on Tuesday, October 31st. Stifel Nicolaus restated a “buy” rating and set a $73.00 target price on shares of Microsoft Corporation in a research note on Monday, July 17th. Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Finally, Wells Fargo & Company set a $82.50 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $83.86.
In related news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 15,000 shares of Microsoft Corporation stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,763 shares of company stock worth $7,574,552. 1.49% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MSFT. Northeast Financial Consultants Inc increased its stake in Microsoft Corporation by 17.4% during the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares in the last quarter. River Wealth Advisors LLC increased its stake in Microsoft Corporation by 6.4% during the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 1,517 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Microsoft Corporation by 7.3% during the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after purchasing an additional 530,893 shares in the last quarter. JLB & Associates Inc. acquired a new position in Microsoft Corporation during the 2nd quarter valued at approximately $10,873,000. Finally, Taylor Cottrill Erickson & Associates Inc. increased its stake in Microsoft Corporation by 1.4% during the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock valued at $4,519,000 after purchasing an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 73.37% of the company’s stock.
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Microsoft Corporation Company Profile
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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