Microsoft Co. (NASDAQ:MSFT - Get Free Report) EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Microsoft Trading Up 0.7 %
Microsoft stock traded up $3.16 during trading hours on Friday, reaching $430.16. 11,855,285 shares of the company's stock were exchanged, compared to its average volume of 18,617,900. The firm has a market capitalization of $3.20 trillion, a PE ratio of 37.24, a PEG ratio of 2.25 and a beta of 0.89. The firm's 50 day simple moving average is $416.36 and its 200 day simple moving average is $398.66. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $433.60. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.
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Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period last year, the company earned $2.45 earnings per share. The business's revenue for the quarter was up 17.0% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 25.97%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a "buy" rating and set a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. Piper Sandler reiterated an "overweight" rating and issued a $465.00 target price (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. StockNews.com downgraded Microsoft from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Wells Fargo & Company raised their price objective on Microsoft from $480.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, April 26th. Finally, KeyCorp assumed coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an "overweight" rating and a $490.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $454.70.
Read Our Latest Analysis on Microsoft
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant's stock valued at $281,035,506,000 after acquiring an additional 3,078,099 shares in the last quarter. FMR LLC lifted its holdings in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant's stock valued at $68,162,263,000 after purchasing an additional 5,762,902 shares in the last quarter. Norges Bank purchased a new position in shares of Microsoft during the 4th quarter worth about $35,920,047,000. Capital International Investors grew its stake in shares of Microsoft by 1.0% in the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant's stock valued at $35,160,020,000 after buying an additional 842,884 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Microsoft by 9.3% in the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant's stock worth $9,152,647,000 after buying an additional 2,456,190 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.
Microsoft Company Profile
(
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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