Traders Purchase Large Volume of Microsoft Corporation Call Options (MSFT)

Microsoft Corporation (NASDAQ:MSFT) was the target of some unusual options trading on Thursday. Stock traders acquired 46,917 call options on the stock. This is an increase of 117% compared to the average volume of 21,578 call options.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Appropriate Balance Financial Services Inc. lifted its position in Microsoft Corporation by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares in the last quarter. Acrospire Investment Management LLC lifted its position in Microsoft Corporation by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Hefty Wealth Partners lifted its position in Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. lifted its position in Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares in the last quarter. Finally, Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation during the first quarter valued at $132,000. Institutional investors own 73.40% of the company’s stock.

Shares of Microsoft Corporation (MSFT) opened at 76.29 on Tuesday. The company’s 50 day moving average price is $74.20 and its 200-day moving average price is $70.80. The company has a market capitalization of $587.60 billion, a price-to-earnings ratio of 28.15 and a beta of 1.01. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $76.55.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.20%. Microsoft Corporation’s payout ratio is 57.78%.

A number of research firms recently commented on MSFT. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $88.00 price objective (up from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a report on Friday, June 16th. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price for the company in a report on Monday, June 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a report on Monday, July 17th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $77.44.

WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and r

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Appropriate Balance Financial Services Inc. lifted its position in Microsoft Corporation by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares in the last quarter. Acrospire Investment Management LLC lifted its position in Microsoft Corporation by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Hefty Wealth Partners lifted its position in Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. lifted its position in Microsoft Corporation by 93.0% during the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares in the last quarter. Finally, Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation during the first quarter valued at $132,000. Institutional investors own 73.40% of the company’s stock.

Shares of Microsoft Corporation (MSFT) opened at 76.29 on Tuesday. The company’s 50 day moving average price is $74.20 and its 200-day moving average price is $70.80. The company has a market capitalization of $587.60 billion, a price-to-earnings ratio of 28.15 and a beta of 1.01. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $76.55.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.20%. Microsoft Corporation’s payout ratio is 57.78%.

A number of research firms recently commented on MSFT. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $88.00 price objective (up from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a report on Friday, June 16th. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price for the company in a report on Monday, June 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a report on Monday, July 17th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $77.44.

WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://ledgergazette.com/2017/10/10/traders-purchase-large-volume-of-microsoft-corporation-call-options-msft.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.

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