Traders Buy Microsoft (MSFT) on Weakness

Traders purchased shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading hours on Monday. $686.51 million flowed into the stock on the tick-up and $393.41 million flowed out of the stock on the tick-down, for a money net flow of $293.10 million into the stock. Of all stocks tracked, Microsoft had the 3rd highest net in-flow for the day. Microsoft traded down ($3.18) for the day and closed at $81.08

Several equities analysts have recently weighed in on MSFT shares. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Canaccord Genuity reiterated a “buy” rating and set a $94.00 price objective (up previously from $86.00) on shares of Microsoft in a report on Friday, October 27th. Atlantic Securities set a $83.00 price objective on Microsoft and gave the company a “neutral” rating in a report on Friday, October 27th. UBS set a $105.00 price objective on Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Barclays reiterated an “overweight” rating and set a $89.00 price objective (up previously from $82.00) on shares of Microsoft in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $84.48.

The stock has a market cap of $628,700.00, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. sell-side analysts expect that Microsoft Corporation will post 3.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 56.76%.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the transaction, the executive vice president now owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold a total of 27,000 shares of company stock worth $2,262,720 in the last ninety days. Insiders own 1.49% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. River Wealth Advisors LLC boosted its stake in Microsoft by 6.4% in the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 1,517 shares during the period. Northeast Financial Consultants Inc boosted its stake in Microsoft by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares during the period. JLB & Associates Inc. bought a new stake in Microsoft in the 2nd quarter valued at $10,873,000. State of Wisconsin Investment Board boosted its stake in Microsoft by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after purchasing an additional 530,893 shares during the period. Finally, One Capital Management LLC boosted its stake in Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after purchasing an additional 2,675 shares during the period. 73.33% of the stock is currently owned by institutional investors and hedge funds.

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About Microsoft

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.

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