Microsoft (NASDAQ:MSFT) Trading Down 0.1%

Microsoft Co. (NASDAQ:MSFTGet Free Report)’s stock price dropped 0.1% during trading on Thursday . The stock traded as low as $419.12 and last traded at $421.11. Approximately 3,763,469 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 22,628,986 shares. The stock had previously closed at $421.43.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating and set a $465.00 target price on shares of Microsoft in a research report on Wednesday, March 6th. Raymond James increased their target price on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. China Renaissance initiated coverage on shares of Microsoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $466.00 price target for the company. Finally, Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $423.34.

View Our Latest Research Report on MSFT

Microsoft Stock Down 0.2 %

The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.13 trillion, a price-to-earnings ratio of 38.04, a P/E/G ratio of 2.24 and a beta of 0.89. The stock has a fifty day moving average price of $410.82 and a two-hundred day moving average price of $374.31.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same quarter last year, the business earned $2.32 earnings per share. Microsoft’s revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 11.63 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last 90 days. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Microsoft

Several institutional investors have recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. acquired a new position in Microsoft in the first quarter valued at approximately $28,000. Friedenthal Financial acquired a new position in Microsoft in the fourth quarter valued at approximately $45,000. Bellevue Group AG bought a new stake in Microsoft during the fourth quarter worth $46,000. Neo Ivy Capital Management bought a new stake in Microsoft during the fourth quarter worth $58,000. Finally, Atlantic Private Wealth LLC grew its holdings in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

About Microsoft

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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