Traders Sell Microsoft Corporation (MSFT) on Strength (MSFT)

Traders sold shares of Microsoft Corporation (NASDAQ:MSFT) on strength during trading on Tuesday. $136.49 million flowed into the stock on the tick-up and $332.10 million flowed out of the stock on the tick-down, for a money net flow of $195.61 million out of the stock. Of all stocks tracked, Microsoft Corporation had the 2nd highest net out-flow for the day. Microsoft Corporation traded up $0.28 for the day and closed at $75.44

A number of brokerages have weighed in on MSFT. Vetr downgraded Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 target price for the company. in a report on Tuesday, September 12th. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 target price on shares of Microsoft Corporation in a report on Monday. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Credit Suisse Group set a $84.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $76.72.

The company’s 50-day moving average is $73.33 and its 200 day moving average is $69.72. The stock has a market cap of $581.06 billion, a PE ratio of 27.84 and a beta of 1.00.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post $3.14 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.23%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is presently 57.78%.

In other news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. 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. Insiders own 2.99% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Microsoft Corporation by 4.6% in the second 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 last quarter. State Street Corp increased its holdings in shares of Microsoft Corporation by 0.8% in the first 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 last quarter. Capital Research Global Investors increased its holdings in shares of Microsoft Corporation by 212.3% in the second 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 last quarter. Janus Henderson Group PLC increased its holdings in shares of Microsoft Corporation by 609.4% in the second 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 last quarter. Finally, Dodge & Cox bought a new stake in shares of Microsoft Corporation in the fourth quarter worth about $2,658,504,000. 73.40% of the stock is currently owned by hedge funds and other institutional investors.

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About Microsoft Corporation

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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