Traders Buy Shares of Microsoft Corporation (MSFT) on Weakness
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.
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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.