Traders purchased shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading hours on Monday. $391.15 million flowed into the stock on the tick-up and $258.18 million flowed out of the stock on the tick-down, for a money net flow of $132.97 million into the stock. Of all stocks tracked, Microsoft Corporation had the highest net in-flow for the day. Microsoft Corporation traded down ($0.83) for the day and closed at $73.94

MSFT has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and set a $73.00 target price on shares of Microsoft Corporation in a research note on Sunday, July 9th. Cowen and Company restated an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. BMO Capital Markets restated a “buy” rating and set a $86.00 target price on shares of Microsoft Corporation in a research note on Friday, August 25th. Finally, Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $76.51.

The stock has a market cap of $566.96 billion, a P/E ratio of 27.16 and a beta of 1.00. The company’s 50-day moving average is $73.09 and its 200-day moving average is $69.09.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same quarter last year, the business posted $0.69 EPS. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts expect that Microsoft Corporation will post $3.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.12%. Microsoft Corporation’s payout ratio is currently 57.78%.

In related news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in MSFT. Acrospire Investment Management LLC grew its stake in Microsoft Corporation by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. Hefty Wealth Partners grew its stake in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. grew its stake in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation in the 1st quarter valued at approximately $132,000. Finally, Stelac Advisory Services LLC grew its stake in Microsoft Corporation by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares in the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/06/traders-buy-shares-of-microsoft-corporation-msft-on-weakness-2.html.

Microsoft Corporation Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.