Traders Buy Microsoft (MSFT) on Weakness

Investors purchased shares of Microsoft Co. (NASDAQ:MSFT) on weakness during trading hours on Thursday. $494.65 million flowed into the stock on the tick-up and $304.44 million flowed out of the stock on the tick-down, for a money net flow of $190.21 million into the stock. Of all stocks tracked, Microsoft had the 6th highest net in-flow for the day. Microsoft traded down ($0.33) for the day and closed at $96.11

MSFT has been the topic of several research reports. Oppenheimer upped their price objective on shares of Microsoft to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Citigroup upped their price objective on shares of Microsoft to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Goldman Sachs set a $100.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada set a $100.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, December 26th. Finally, Deutsche Bank set a $120.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, March 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and thirty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $100.19.

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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 firm has a market capitalization of $739,719.13, a PE ratio of 29.03, a price-to-earnings-growth ratio of 2.23 and a beta of 1.07.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. equities analysts predict that Microsoft Co. will post 3.63 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.

In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the completion of the sale, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,000 shares of company stock valued at $930,900. Insiders own 1.49% of the company’s stock.

A number of institutional investors have recently modified their holdings of MSFT. Tompkins Financial Corp raised its stake in shares of Microsoft by 17.9% in the 3rd quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock valued at $7,469,000 after buying an additional 15,202 shares in the last quarter. Private Wealth Partners LLC increased its position in shares of Microsoft by 0.6% during the 3rd quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock worth $20,151,000 after purchasing an additional 1,511 shares in the last quarter. Rockefeller Financial Services Inc. increased its position in shares of Microsoft by 1.6% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 1,764,878 shares of the software giant’s stock worth $131,466,000 after purchasing an additional 27,962 shares in the last quarter. RNC Capital Management LLC increased its position in shares of Microsoft by 0.6% during the 4th quarter. RNC Capital Management LLC now owns 535,705 shares of the software giant’s stock worth $45,824,000 after purchasing an additional 2,977 shares in the last quarter. Finally, Markel Corp increased its position in shares of Microsoft by 11.4% during the 3rd quarter. Markel Corp now owns 312,000 shares of the software giant’s stock worth $23,241,000 after purchasing an additional 32,000 shares in the last quarter. 73.84% of the stock is owned by hedge funds and other institutional investors.

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Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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