Investors Sell Microsoft Corp. (MSFT) on Strength (MSFT)
Investors sold shares of Microsoft Corp. (NASDAQ:MSFT) on strength during trading on Monday. $144.95 million flowed into the stock on the tick-up and $211.65 million flowed out of the stock on the tick-down, for a money net flow of $66.70 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 $0.18 for the day and closed at $58.12
MSFT has been the topic of several research analyst reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $62.00 price target on shares of Microsoft Corp. in a research note on Friday, July 22nd. Argus reiterated a “hold” rating on shares of Microsoft Corp. in a research note on Monday, July 25th. Nomura reiterated a “buy” rating and set a $36.00 price target (up from $35.00) on shares of Microsoft Corp. in a research note on Tuesday, April 19th. Morgan Stanley reiterated an “overweight” rating and set a $64.00 price target (down from $66.00) on shares of Microsoft Corp. in a research note on Monday, April 18th. Finally, Citigroup Inc. lifted their price target on shares of Microsoft Corp. from $37.00 to $40.00 and gave the stock a “sell” rating in a research note on Wednesday, July 20th. Three equities 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. The company currently has an average rating of “Buy” and an average target price of $58.88.
The firm’s 50-day moving average price is $54.74 and its 200-day moving average price is $52.89. The stock has a market capitalization of $447.91 billion and a price-to-earnings ratio of 27.37.
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 firm earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the business earned $0.60 EPS. On average, equities research analysts forecast that Microsoft Corp. will post $2.89 EPS for the current year.
The company 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 $0.36 dividend. The ex-dividend date 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 stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider G Mason Morfit sold 18,000,000 shares of the stock in a transaction dated 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 institutional investors recently made changes to their positions in the stock. Security National Bank of SO Dak raised its position in shares of Microsoft Corp. by 6.2% in the fourth quarter. Security National Bank of SO Dak now owns 20,879 shares of the software giant’s stock worth $1,158,000 after buying an additional 1,225 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Microsoft Corp. by 1.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 20,901 shares of the software giant’s stock worth $1,159,000 after buying an additional 264 shares in the last quarter. Bourgeon Capital Management LLC raised its position in shares of Microsoft Corp. by 0.8% in the fourth quarter. Bourgeon Capital Management LLC now owns 24,010 shares of the software giant’s stock worth $1,332,000 after buying an additional 200 shares in the last quarter. Hudson Canyon Investment Counselors LLC bought a new position in shares of Microsoft Corp. during the fourth quarter worth about $1,381,000. Finally, Home Federal Bank of Tennessee bought a new position in shares of Microsoft Corp. during the fourth quarter worth about $1,386,000.
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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