Traders Sell Shares of Microsoft (MSFT) on Strength (MSFT)

Traders sold shares of Microsoft Co. (NASDAQ:MSFT) on strength during trading hours on Wednesday. $274.31 million flowed into the stock on the tick-up and $541.36 million flowed out of the stock on the tick-down, for a money net flow of $267.05 million out of the stock. Of all stocks tracked, Microsoft had the 0th highest net out-flow for the day. Microsoft traded up $1.16 for the day and closed at $98.66

Several research firms have recently issued reports on MSFT. MED reaffirmed a “buy” rating on shares of Microsoft in a report on Tuesday, May 8th. Evercore ISI upped their target price on Microsoft from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, May 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Microsoft in a report on Thursday, May 10th. Macquarie reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Microsoft in a report on Monday, April 30th. Finally, Nomura set a $108.00 target price on Microsoft and gave the company a “buy” rating in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have given a buy rating to the company’s stock. Microsoft presently has an average rating of “Buy” and a consensus price target of $103.13.

The stock has a market capitalization of $759.66 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.10. The firm had revenue of $26.82 billion for the quarter, compared to the consensus estimate of $25.78 billion. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 earnings per share. analysts forecast that Microsoft Co. will post 3.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.72%. Microsoft’s dividend payout ratio is currently 50.76%.

Several large investors have recently bought and sold shares of MSFT. Private Wealth Partners LLC raised its position in shares of Microsoft by 0.6% in the third quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock worth $20,151,000 after buying an additional 1,511 shares in the last quarter. RNC Capital Management LLC increased its stake in Microsoft by 0.6% in the fourth quarter. RNC Capital Management LLC now owns 535,705 shares of the software giant’s stock valued at $45,824,000 after acquiring an additional 2,977 shares during the last quarter. AXA increased its stake in Microsoft by 11.2% in the third quarter. AXA now owns 3,830,658 shares of the software giant’s stock valued at $285,346,000 after acquiring an additional 384,951 shares during the last quarter. Stephens Inc. AR increased its stake in Microsoft by 6.0% in the third quarter. Stephens Inc. AR now owns 387,892 shares of the software giant’s stock valued at $28,894,000 after acquiring an additional 22,102 shares during the last quarter. Finally, Diversified Trust Co increased its stake in Microsoft by 22.8% in the fourth quarter. Diversified Trust Co now owns 15,920 shares of the software giant’s stock valued at $1,362,000 after acquiring an additional 2,955 shares during the last quarter. Hedge funds and other institutional investors own 72.44% of the company’s stock.

About Microsoft

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.

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply