Investors Sell Shares of Microsoft Corp. (MSFT) on Strength (MSFT)
Investors sold shares of Microsoft Corp. (NASDAQ:MSFT) on strength during trading hours on Tuesday. $118.77 million flowed into the stock on the tick-up and $249.57 million flowed out of the stock on the tick-down, for a money net flow of $130.80 million out of the stock. Of all stocks tracked, Microsoft Corp. had the 0th highest net out-flow for the day. Microsoft Corp. traded up $0.22 for the day and closed at $57.89
A number of research analysts recently commented on the stock. Vetr raised shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 target price on the stock in a research report on Tuesday, June 14th. Royal Bank Of Canada increased their target price on shares of Microsoft Corp. from $57.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, June 1st. Citigroup Inc. reaffirmed a “sell” rating and issued a $36.00 target price on shares of Microsoft Corp. in a research report on Tuesday, June 14th. Cowen and Company raised shares of Microsoft Corp. from a “market perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Tuesday, May 24th. Finally, Barclays PLC increased their target price on shares of Microsoft Corp. from $54.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, June 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $58.88.
The company has a 50-day moving average price of $55.85 and a 200-day moving average price of $53.10. The stock has a market cap of $451.11 billion and a price-to-earnings ratio of 27.57.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. The business earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Equities analysts anticipate that Microsoft Corp. will post $2.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders 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 annualized dividend and a dividend yield of 2.49%.
In related news, insider G Mason Morfit sold 18,000,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total value of $1,010,160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy Hood sold 120,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the transaction, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at $30,285,370.50. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently modified their holdings of the company. Jennison Associates LLC boosted its position 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. Westfield Capital Management Co. LP boosted its position 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 worth $181,835,000 after buying an additional 3,101,887 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Microsoft Corp. by 3.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 25,402,692 shares of the software giant’s stock worth $1,409,342,000 after buying an additional 737,147 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Microsoft Corp. during the fourth quarter worth about $40,604,000. Finally, Affinity Investment Advisors LLC bought a new position in shares of Microsoft Corp. during the fourth quarter worth about $29,392,000.
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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