Traders Sell Shares of Microsoft Corp. (MSFT) on Strength (MSFT)
Investors sold shares of Microsoft Corp. (NASDAQ:MSFT) on strength during trading on Thursday. $161.99 million flowed into the stock on the tick-up and $185.11 million flowed out of the stock on the tick-down, for a money net flow of $23.12 million out of the stock. Of all equities tracked, Microsoft Corp. had the 18th highest net out-flow for the day. Microsoft Corp. traded up $0.42 for the day and closed at $57.39
Several equities research analysts have recently commented on the stock. Nomura reiterated a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a research note on Thursday, July 28th. Argus reiterated a “hold” rating on shares of Microsoft Corp. in a research note on Monday, July 25th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $62.00 price objective on shares of Microsoft Corp. in a research note on Friday, July 22nd. Canaccord Genuity reiterated a “neutral” rating and set a $56.00 price objective (up from $55.00) on shares of Microsoft Corp. in a research note on Friday, July 22nd. Finally, Independent Research GmbH set a $50.00 price objective on shares of Microsoft Corp. and gave the stock a “sell” rating in a research note on Thursday, July 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.88.
The firm’s 50 day moving average is $53.25 and its 200-day moving average is $52.55. The stock has a market capitalization of $447.21 billion and a price-to-earnings ratio of 27.33.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The firm earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter last year, the business posted $0.60 EPS. Equities analysts forecast that Microsoft Corp. will post $2.89 earnings per share for the current 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 paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Tuesday, August 16th.
In related news, CMO Christopher C. Capossela sold 5,337 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $50.89, for a total value of $271,599.93. Following the completion of the sale, the chief marketing officer now owns 270,548 shares in the company, valued at $13,768,187.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 6,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $50.31, for a total transaction of $301,860.00. Following the completion of the sale, the chief marketing officer now owns 278,549 shares of the company’s stock, valued at approximately $14,013,800.19. The disclosure for this sale can be found here.
Other hedge funds recently made changes to their positions in the company. Jennison Associates LLC boosted its stake in shares of Microsoft Corp. by 300.9% in the fourth quarter. Jennison Associates LLC now owns 23,835,668 shares of the software giant’s stock valued at $1,322,403,000 after buying an additional 17,890,575 shares during the period. Winslow Capital Management LLC bought a new stake in shares of Microsoft Corp. during the fourth quarter valued at approximately $273,341,000. Westfield Capital Management Co. LP boosted its stake in shares of Microsoft Corp. by 1,766.5% in the fourth quarter. Westfield Capital Management Co. LP now owns 3,277,480 shares of the software giant’s stock valued at $181,835,000 after buying an additional 3,101,887 shares during the period. BHF Kleinwort Benson Group S.A. bought a new stake in shares of Microsoft Corp. during the fourth quarter valued at approximately $156,638,000. Finally, Marshall Wace LLP boosted its stake in shares of Microsoft Corp. by 6,606.8% in the fourth quarter. Marshall Wace LLP now owns 2,067,247 shares of the software giant’s stock valued at $114,691,000 after buying an additional 2,036,424 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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