Traders Buy Microsoft Corporation (MSFT) on Weakness
Traders purchased shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading hours on Friday. $342.31 million flowed into the stock on the tick-up and $313.21 million flowed out of the stock on the tick-down, for a money net flow of $29.10 million into the stock. Of all stocks tracked, Microsoft Corporation had the 26th highest net in-flow for the day. Microsoft Corporation traded down ($0.80) for the day and closed at $82.40
MSFT has been the topic of several research analyst reports. Oppenheimer Holdings, Inc. set a $80.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) set a $88.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price target on the stock in a research note on Monday, July 31st. Stifel Nicolaus set a $80.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 24th. Finally, Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $84.21.
The company has a market cap of $635,682.19, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.92 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 announced its earnings results 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 for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.76 EPS. sell-side analysts expect that Microsoft Corporation will post 3.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is 57.14%.
In other news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares in the company, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 104,763 shares of company stock worth $7,908,472 in the last quarter. Insiders own 1.49% of the company’s stock.
Large investors have recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. increased its holdings in shares of Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Microsoft Corporation by 300.0% during the 2nd 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 in the last quarter. Hefty Wealth Partners boosted its position in shares of Microsoft Corporation by 65.6% during the 2nd 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 in the last quarter. Ullmann Financial Group Inc. acquired a new stake in shares of Microsoft Corporation during the 1st quarter valued at about $132,000. Finally, Stelac Advisory Services LLC boosted its position in shares of Microsoft Corporation by 23.5% during the 2nd 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 in the last quarter. Institutional investors own 73.37% of the company’s stock.
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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