Traders Buy Microsoft Corp. (MSFT) on Weakness
Investors bought shares of Microsoft Corp. (NASDAQ:MSFT) on weakness during trading hours on Friday. $512.55 million flowed into the stock on the tick-up and $155.43 million flowed out of the stock on the tick-down, for a money net flow of $357.12 million into the stock. Of all companies tracked, Microsoft Corp. had the 2nd highest net in-flow for the day. Microsoft Corp. traded down ($0.04) for the day and closed at $53.70
Several research analysts recently issued reports on MSFT shares. Nomura Holdings Inc. reissued a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research report on Monday, April 4th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Saturday, April 2nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $55.00 price objective (up previously from $44.00) on shares of Microsoft Corp. in a report on Monday, March 28th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Sunday, March 20th. Finally, Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $55.83 price objective for the company in a report on Monday, March 21st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Microsoft Corp. currently has an average rating of “Buy” and a consensus target price of $58.29.
The stock has a market capitalization of $422.11 billion and a P/E ratio of 41.40. The company’s 50-day moving average is $51.46 and its 200 day moving average is $52.29.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 21st. The software giant reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $20.50 billion for the quarter, compared to analyst estimates of $22.10 billion. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, equities analysts predict that Microsoft Corp. will post $2.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, August 16th. This represents a $1.44 dividend on an annualized basis and a yield of 2.68%.
In related news, Director William H. Gates III sold 5,300,000 shares of the firm’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $50.04, for a total transaction of $265,212,000.00. Following the completion of the sale, the director now owns 204,240,353 shares in the company, valued at $10,220,187,264.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Christopher C. Capossela sold 5,337 shares of the firm’s stock in a transaction dated Friday, May 20th. The stock was 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 approximately $13,768,187.72. The disclosure for this sale can be found here.
A number of hedge funds recently bought and sold shares of MSFT. Rothschild Capital Partners LLC bought a new stake in Microsoft Corp. during the fourth quarter worth about $3,440,000. Hutchens Investment Management Inc increased its stake in Microsoft Corp. by 397.9% in the fourth quarter. Hutchens Investment Management Inc now owns 42,517 shares of the software giant’s stock worth $2,358,000 after buying an additional 33,977 shares during the period. Cambridge Trust Co. increased its stake in Microsoft Corp. by 1.6% in the fourth quarter. Cambridge Trust Co. now owns 498,222 shares of the software giant’s stock worth $27,641,000 after buying an additional 7,628 shares during the period. Hanseatic Management Services Inc. bought a new stake in Microsoft Corp. during the fourth quarter worth about $4,063,000. Finally, Transamerica Financial Advisors Inc. increased its stake in Microsoft Corp. by 5.3% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 94,436 shares of the software giant’s stock worth $5,240,000 after buying an additional 4,755 shares during the period.
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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