Investors purchased shares of Microsoft Co. (NASDAQ:MSFT) on weakness during trading on Wednesday after an insider sold shares in the company. $1,386.89 million flowed into the stock on the tick-up and $698.11 million flowed out of the stock on the tick-down, for a money net flow of $688.78 million into the stock. Of all stocks tracked, Microsoft had the highest net in-flow for the day. Microsoft traded down ($3.57) for the day and closed at $108.52Specifically, CEO Satya Nadella sold 203,418 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $106.68, for a total value of $21,700,632.24. Following the transaction, the chief executive officer now owns 1,014,247 shares in the company, valued at approximately $108,199,869.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 10,000 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $111.77, for a total value of $1,117,700.00. Following the completion of the transaction, the chief marketing officer now owns 177,931 shares in the company, valued at approximately $19,887,347.87. The disclosure for this sale can be found here. Insiders sold a total of 331,080 shares of company stock worth $35,679,993 in the last ninety days. 1.38% of the stock is owned by corporate insiders.
MSFT has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $125.00 price objective on shares of Microsoft in a report on Tuesday, August 7th. Barclays reiterated a “buy” rating and issued a $117.00 price objective on shares of Microsoft in a report on Friday, August 10th. Goldman Sachs Group reiterated a “buy” rating and issued a $123.00 price objective on shares of Microsoft in a report on Monday, August 20th. Oppenheimer reiterated a “buy” rating and issued a $120.00 price objective on shares of Microsoft in a report on Monday, August 20th. Finally, Morgan Stanley reiterated a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a report on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Microsoft has an average rating of “Buy” and a consensus price target of $121.88.
The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $853.83 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 2.03 and a beta of 1.25.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. Microsoft’s payout ratio is 47.42%.
Institutional investors have recently bought and sold shares of the business. Ceredex Value Advisors LLC acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $73,850,000. ProVise Management Group LLC raised its holdings in Microsoft by 5.3% during the first quarter. ProVise Management Group LLC now owns 43,673 shares of the software giant’s stock worth $3,986,000 after purchasing an additional 2,208 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Microsoft during the first quarter worth $162,221,000. Windsor Group LTD raised its holdings in Microsoft by 3.6% during the first quarter. Windsor Group LTD now owns 21,700 shares of the software giant’s stock worth $1,981,000 after purchasing an additional 764 shares during the last quarter. Finally, KAMES CAPITAL plc raised its holdings in Microsoft by 9.2% during the first quarter. KAMES CAPITAL plc now owns 386,537 shares of the software giant’s stock worth $35,174,000 after purchasing an additional 32,655 shares during the last quarter. 71.90% of the stock is owned by institutional investors.
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Microsoft Company Profile (NASDAQ:MSFT)
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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