Traders sold shares of Microsoft Co. (NASDAQ:MSFT) on strength during trading on Tuesday following insider selling activity. $275.37 million flowed into the stock on the tick-up and $302.91 million flowed out of the stock on the tick-down, for a money net flow of $27.54 million out of the stock. Of all equities tracked, Microsoft had the 17th highest net out-flow for the day. Microsoft traded up $0.72 for the day and closed at $92.72Specifically, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on MSFT shares. Stifel Nicolaus increased their price target on Microsoft from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. KeyCorp reiterated a “buy” rating and issued a $94.00 price target on shares of Microsoft in a research note on Friday, October 27th. Barclays reiterated an “overweight” rating and issued a $89.00 price target (up from $82.00) on shares of Microsoft in a research note on Friday, October 27th. Credit Suisse Group reaffirmed a “buy” rating and set a $95.00 target price on shares of Microsoft in a research report on Friday, October 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $94.00 target price (up from $86.00) on shares of Microsoft in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and an average target price of $99.14.
The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. The company has a market cap of $713,920.00, a P/E ratio of 28.44, a P/E/G ratio of 2.13 and a beta of 1.06.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.81%. Microsoft’s dividend payout ratio is presently 51.53%.
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. Geode Capital Management LLC boosted its stake in Microsoft by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 85,277,661 shares of the software giant’s stock valued at $7,280,205,000 after purchasing an additional 2,232,693 shares during the last quarter. Capital Research Global Investors boosted its stake in Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Microsoft by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after purchasing an additional 774,549 shares during the last quarter. Institutional investors own 73.19% of the company’s stock.
Microsoft 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.
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