Traders sold shares of Microsoft Co. (NASDAQ:MSFT) on strength during trading on Wednesday. $483.57 million flowed into the stock on the tick-up and $785.26 million flowed out of the stock on the tick-down, for a money net flow of $301.69 million out of the stock. Of all companies tracked, Microsoft had the 0th highest net out-flow for the day. Microsoft traded up $1.47 for the day and closed at $104.27
Several equities analysts recently weighed in on the company. Royal Bank of Canada set a $124.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $120.00 price target on shares of Microsoft in a report on Thursday, October 25th. Oppenheimer reaffirmed a “buy” rating and issued a $127.00 price target on shares of Microsoft in a report on Monday, September 24th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price target on shares of Microsoft in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and an average price target of $121.88.
The stock has a market capitalization of $802.86 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.18. The business had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. Microsoft’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. Equities analysts forecast that Microsoft Co. will post 4.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 1.80%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
In other Microsoft news, CEO Satya Nadella sold 203,418 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $106.68, for a total transaction of $21,700,632.24. Following the transaction, the chief executive officer now owns 1,014,247 shares of the company’s stock, valued at approximately $108,199,869.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $107.70, for a total value of $2,154,000.00. Following the transaction, the insider now directly owns 66,676 shares in the company, valued at approximately $7,181,005.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 279,918 shares of company stock worth $30,102,412. Company insiders own 1.38% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Acropolis Investment Management LLC lifted its holdings in Microsoft by 1.3% during the 4th quarter. Acropolis Investment Management LLC now owns 34,622 shares of the software giant’s stock worth $3,517,000 after buying an additional 452 shares in the last quarter. Conservest Capital Advisors Inc. lifted its stake in shares of Microsoft by 5.2% in the 4th quarter. Conservest Capital Advisors Inc. now owns 2,082 shares of the software giant’s stock valued at $211,000 after purchasing an additional 102 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Microsoft by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 1,105,514 shares of the software giant’s stock valued at $112,284,000 after purchasing an additional 8,048 shares during the period. Vision Capital Management Inc. lifted its stake in shares of Microsoft by 1.8% in the 4th quarter. Vision Capital Management Inc. now owns 55,398 shares of the software giant’s stock valued at $5,627,000 after purchasing an additional 964 shares during the period. Finally, United Capital Management of KS Inc. lifted its stake in shares of Microsoft by 5.8% in the 4th quarter. United Capital Management of KS Inc. now owns 17,834 shares of the software giant’s stock valued at $1,811,000 after purchasing an additional 984 shares during the period. 71.64% of the stock is currently owned by hedge funds and other institutional investors.
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Microsoft Company Profile (NASDAQ:MSFT)
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company’s Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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