Key Points
- Judson Althoff sold 12,750 shares of Microsoft on Dec. 2 at an average price of $491.52 for a total of $6,266,880, reducing his stake by 8.97% to 129,349 shares valued at about $63.58M.
- Microsoft beat expectations in its latest quarter, reporting EPS of $4.13 versus $3.65 expected and revenue of $77.67B (up 18.4% year-over-year) with a net margin of 35.71%.
- The company declared a quarterly dividend of $0.91 ($3.64 annualized, yield 0.8%), and analysts maintain a consensus "Moderate Buy" with an average target price of about $634.33.
Microsoft Corporation (NASDAQ:MSFT - Get Free Report) CEO Judson Althoff sold 12,750 shares of the business's stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the completion of the sale, the chief executive officer directly owned 129,349 shares of the company's stock, valued at approximately $63,577,620.48. This trade represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Microsoft Stock Performance
Shares of MSFT stock opened at $478.54 on Thursday. The stock's 50-day moving average is $508.38 and its two-hundred day moving average is $500.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 1.40. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The firm has a market cap of $3.56 trillion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.82 and a beta of 1.07.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.65 by $0.48. The firm had revenue of $77.67 billion during the quarter, compared to analysts' expectations of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The business's revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.30 EPS. Analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Microsoft's dividend payout ratio (DPR) is 25.89%.
Wall Street Analysts Forecast Growth
MSFT has been the subject of several research reports. Raymond James Financial reduced their price target on shares of Microsoft from $630.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, October 30th. BNP Paribas Exane upped their target price on shares of Microsoft from $630.00 to $632.00 and gave the company an "outperform" rating in a report on Monday, November 3rd. Truist Financial raised their price target on Microsoft from $650.00 to $675.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Piper Sandler reaffirmed an "overweight" rating and set a $650.00 price objective on shares of Microsoft in a research note on Thursday, October 30th. Finally, DA Davidson set a $650.00 price objective on Microsoft in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $634.33.
Check Out Our Latest Report on Microsoft
Hedge Funds Weigh In On Microsoft
A number of large investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Microsoft in the 2nd quarter valued at about $50,493,678,000. Kingstone Capital Partners Texas LLC grew its position in Microsoft by 564,387.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant's stock worth $45,040,162,000 after buying an additional 90,533,328 shares during the period. Nuveen LLC purchased a new position in Microsoft in the first quarter valued at about $18,733,827,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Microsoft by 500.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,543,261 shares of the software giant's stock valued at $30,840,432,000 after acquiring an additional 49,618,571 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its position in shares of Microsoft by 49,640.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 29,967,038 shares of the software giant's stock valued at $14,905,904,000 after acquiring an additional 29,906,791 shares during the period. 71.13% of the stock is owned by hedge funds and other 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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