Microsoft Co. (NASDAQ:MSFT) EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Microsoft Co. (NASDAQ:MSFT) traded down $1.23 on Wednesday, reaching $91.49. 26,920,000 shares of the company’s stock were exchanged, compared to its average volume of 34,710,000. Microsoft Co. has a 52-week low of $63.62 and a 52-week high of $96.07. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The company has a market cap of $704,450.00, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. During the same period in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. research analysts expect that Microsoft Co. will post 3.64 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 51.53%.
A number of institutional investors and hedge funds have recently bought and sold shares of MSFT. Capital Research Global Investors lifted its position in shares of 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 acquiring an additional 47,353,245 shares during the period. Janus Henderson Group PLC lifted its position in shares of 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 acquiring an additional 42,243,011 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 25,053,413 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of Microsoft by 52.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 26,474,151 shares of the software giant’s stock valued at $2,264,601,000 after acquiring an additional 9,092,634 shares during the period. Finally, Tiger Global Management LLC lifted its position in shares of Microsoft by 395.2% during the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after acquiring an additional 8,369,500 shares during the period. 73.19% of the stock is currently owned by hedge funds and other institutional investors.
MSFT has been the subject of several analyst reports. KeyCorp lifted their price objective on shares of Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Royal Bank of Canada restated an “outperform” rating and issued a $88.00 target price (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. UBS Group set a $105.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price for the company. in a research report on Monday, December 11th. Finally, Citigroup boosted their target price on shares of Microsoft from $74.00 to $79.00 and gave the company a “sell” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $99.11.
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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