Traders Sell Shares of Microsoft Corp. (MSFT) on Strength (MSFT)
Investors sold shares of Microsoft Corp. (NASDAQ:MSFT) on strength during trading on Wednesday. $147.73 million flowed into the stock on the tick-up and $236.53 million flowed out of the stock on the tick-down, for a money net flow of $88.80 million out of the stock. Of all companies tracked, Microsoft Corp. had the 0th highest net out-flow for the day. Microsoft Corp. traded up $0.21 for the day and closed at $51.38
MSFT has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $67.00 price objective on shares of Microsoft Corp. and gave the company a “buy” rating in a research report on Friday, April 1st. Bank of America Corp. restated a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a research report on Thursday, March 31st. Deutsche Bank AG restated a “buy” rating and set a $55.00 price objective (up previously from $44.00) on shares of Microsoft Corp. in a research report on Monday, March 28th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Microsoft Corp. in a research report on Sunday, March 20th. Finally, Vetr upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $55.83 price target on the stock in a research report on Monday, March 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Microsoft Corp. currently has an average rating of “Buy” and an average price target of $58.06.
The firm has a 50 day moving average of $51.08 and a 200-day moving average of $52.38. The company has a market cap of $403.87 billion and a P/E ratio of 39.61.
Microsoft Corp. (NASDAQ:MSFT) last posted its earnings results on Thursday, April 21st. The software giant reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.02. The business had revenue of $20.50 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Microsoft Corp.’s revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Microsoft Corp. will post $2.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.44 dividend on an annualized basis and a yield of 2.80%.
In other news, CMO Christopher C. Capossela sold 5,337 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $50.89, for a total transaction of $271,599.93. Following the sale, the chief marketing officer now owns 270,548 shares of the company’s stock, valued at $13,768,187.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Gates III sold 2,700,000 shares of the stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $50.87, for a total transaction of $137,349,000.00. Following the sale, the director now directly owns 204,292,934 shares in the company, valued at approximately $10,392,381,552.58. The disclosure for this sale can be found here.
Other hedge funds have modified their holdings of the company. Rothschild Capital Partners LLC acquired a new stake in shares of Microsoft Corp. during the fourth quarter valued at about $3,440,000. Hutchens Investment Management Inc boosted its stake in shares of Microsoft Corp. by 397.9% in the fourth quarter. Hutchens Investment Management Inc now owns 42,517 shares of the software giant’s stock valued at $2,358,000 after buying an additional 33,977 shares in the last quarter. Cambridge Trust Co. boosted its stake in shares of Microsoft Corp. by 1.6% in the fourth quarter. Cambridge Trust Co. now owns 498,222 shares of the software giant’s stock valued at $27,641,000 after buying an additional 7,628 shares in the last quarter. Hanseatic Management Services Inc. acquired a new stake in shares of Microsoft Corp. during the fourth quarter valued at about $4,063,000. Finally, Transamerica Financial Advisors Inc. boosted its stake in shares of Microsoft Corp. by 5.3% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 94,436 shares of the software giant’s stock valued at $5,240,000 after buying an additional 4,755 shares in the last quarter.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other.
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