Investors Buy Shares of Microsoft (MSFT) on Weakness

Traders purchased shares of Microsoft Co. (NASDAQ:MSFT) on weakness during trading hours on Friday. $581.26 million flowed into the stock on the tick-up and $234.51 million flowed out of the stock on the tick-down, for a money net flow of $346.75 million into the stock. Of all companies tracked, Microsoft had the 3rd highest net in-flow for the day. Microsoft traded down ($0.10) for the day and closed at $90.00

Several equities research analysts have recently issued reports on MSFT shares. Oppenheimer set a $80.00 price target on Microsoft and gave the company a “buy” rating in a research report on Monday, September 25th. KeyCorp reaffirmed a “buy” rating and issued a $94.00 price target on shares of Microsoft in a research report on Friday, October 27th. Stifel Nicolaus raised their price target on Microsoft from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Goldman Sachs Group set a $88.00 price target on Microsoft and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Royal Bank of Canada set a $85.00 price target on Microsoft and gave the company a “buy” rating in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $87.88.

The company has a market capitalization of $694,310.00, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. equities analysts forecast that Microsoft Co. will post 3.39 EPS for the current fiscal year.

The business also recently disclosed 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 1.87%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 over the last ninety days. Company insiders own 1.49% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Microsoft by 4.6% in the second 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 last quarter. Capital Research Global Investors raised its stake in shares of Microsoft by 212.3% in the second 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 last quarter. Janus Henderson Group PLC raised its stake in shares of Microsoft by 609.4% in the second 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 last quarter. Legal & General Group Plc raised its stake in shares of Microsoft by 2.1% in the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after acquiring an additional 774,549 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Microsoft by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock valued at $2,696,444,000 after acquiring an additional 1,148,178 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors.

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About Microsoft

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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