Traders Sell Microsoft Corp. (MSFT) on Strength (MSFT)
Traders sold shares of Microsoft Corp. (NASDAQ:MSFT) on strength during trading hours on Thursday. $102.17 million flowed into the stock on the tick-up and $194.96 million flowed out of the stock on the tick-down, for a money net flow of $92.79 million out of the stock. Of all equities 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 $58.17
Several brokerages have commented on MSFT. BMO Capital Markets restated a “buy” rating and issued a $57.00 price objective on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura restated a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Credit Agricole SA restated an “outperform” rating and issued a $60.00 price objective on shares of Microsoft Corp. in a report on Wednesday, June 1st. Vetr lowered shares of Microsoft Corp. from a “buy” rating to a “hold” rating and set a $55.05 price objective for the company. in a report on Tuesday, May 31st. Finally, Canaccord Genuity began coverage on shares of Microsoft Corp. in a report on Thursday, May 26th. They issued a “hold” rating and a $55.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $58.88.
The firm has a market cap of $453.29 billion and a PE ratio of 27.70. The firm has a 50 day moving average price of $56.23 and a 200-day moving average price of $53.17.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The business earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the company earned $0.60 EPS. Analysts anticipate that Microsoft Corp. will post $2.89 earnings per share 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 paid 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 dividend yield of 2.48%.
In related news, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total transaction of $139,850,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider G Mason Morfit sold 18,000,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in MSFT. Bourgeon Capital Management LLC raised its stake in Microsoft Corp. by 0.8% in the fourth quarter. Bourgeon Capital Management LLC now owns 24,010 shares of the software giant’s stock valued at $1,332,000 after buying an additional 200 shares in the last quarter. Hudson Canyon Investment Counselors LLC purchased a new stake in Microsoft Corp. during the fourth quarter valued at approximately $1,381,000. Home Federal Bank of Tennessee purchased a new stake in Microsoft Corp. during the fourth quarter valued at approximately $1,386,000. Formidable Asset Management LLC raised its stake in Microsoft Corp. by 1.0% in the fourth quarter. Formidable Asset Management LLC now owns 30,560 shares of the software giant’s stock valued at $1,651,000 after buying an additional 288 shares in the last quarter. Finally, Capital Counsel LLC NY raised its stake in Microsoft Corp. by 65.4% in the fourth quarter. Capital Counsel LLC NY now owns 30,755 shares of the software giant’s stock valued at $1,706,000 after buying an additional 12,156 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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