Traders Buy Microsoft Corporation (MSFT) on Weakness
Traders bought shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading on Thursday. $290.86 million flowed into the stock on the tick-up and $146.04 million flowed out of the stock on the tick-down, for a money net flow of $144.82 million into the stock. Of all stocks tracked, Microsoft Corporation had the 3rd highest net in-flow for the day. Microsoft Corporation traded down ($0.61) for the day and closed at $83.11
Several research firms have recently commented on MSFT. Argus upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $57.28 to $95.00 in a report on Tuesday, October 31st. Goldman Sachs Group, Inc. (The) set a $92.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, October 27th. Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Vetr downgraded Microsoft Corporation from a “hold” rating to a “sell” rating and set a $78.90 price objective for the company. in a report on Monday, October 30th. Finally, Oppenheimer Holdings, Inc. set a $80.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. Microsoft Corporation currently has an average rating of “Buy” and an average target price of $84.21.
The company has a market cap of $645,865.50, a PE ratio of 24.77, a PEG ratio of 1.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts forecast that Microsoft Corporation will post 3.38 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is currently 57.14%.
In other news, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total value of $333,760.00. Following the transaction, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Insiders have sold a total of 108,763 shares of company stock worth $8,242,232 in the last ninety days. Insiders own 1.49% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its stake in Microsoft Corporation by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the last quarter. Hefty Wealth Partners increased its stake in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the last quarter. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation in the 1st quarter worth about $132,000. Stelac Advisory Services LLC increased its stake in Microsoft Corporation by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares during the last quarter. Finally, Opera Trading Capital increased its stake in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after acquiring an additional 2,283 shares during the last quarter. Institutional investors own 73.14% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Traders Buy Microsoft Corporation (MSFT) on Weakness” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/11/23/traders-buy-microsoft-corporation-msft-on-weakness-2.html.
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.
Receive News & Stock Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related stocks with our FREE daily email newsletter.