Investors 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 equities 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

MSFT has been the subject of several recent analyst reports. Canaccord Genuity restated a “hold” rating and set a $76.00 target price on shares of Microsoft in a research note on Friday, September 15th. Royal Bank Of Canada restated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of Microsoft in a research note on Friday, October 27th. Evercore ISI restated a “buy” rating and set a $80.00 target price on shares of Microsoft in a research note on Friday, August 18th. UBS set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, KeyCorp restated a “buy” rating and set a $94.00 target price on shares of Microsoft in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.59.

The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The company has a market cap of $625,499.00, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given 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 2.06%. Microsoft’s dividend payout ratio is currently 57.14%.

In other news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock worth $2,262,720 over the last 90 days. Company insiders own 1.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Microsoft by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares during the period. State Street Corp raised its holdings in shares of Microsoft by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Capital Research Global Investors raised its holdings in shares of Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Microsoft by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after purchasing an additional 774,549 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.

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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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