Key Points
- Microsoft EVP Amy Coleman sold 1,262 shares on May 14 at an average price of $411.34, totaling about $519,111. After the sale, she still held 46,003 shares valued at roughly $18.9 million.
- Microsoft reported strong quarterly results, with earnings per share of $4.27 beating estimates and revenue of $82.89 billion topping forecasts. Revenue rose 18.3% year over year, underscoring continued growth.
- The company also announced a quarterly dividend of $0.91 per share, payable June 11, implying a 0.9% annual yield. Microsoft’s dividend remains supported by a payout ratio of 21.67%.
Microsoft Corporation (NASDAQ:MSFT - Get Free Report) EVP Amy Coleman sold 1,262 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total transaction of $519,111.08. Following the sale, the executive vice president directly owned 46,003 shares in the company, valued at approximately $18,922,874.02. This represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Microsoft Stock Up 0.4%
NASDAQ:MSFT opened at $423.54 on Tuesday. The company has a market cap of $3.15 trillion, a PE ratio of 25.21, a P/E/G ratio of 1.52 and a beta of 1.10. Microsoft Corporation has a twelve month low of $356.28 and a twelve month high of $555.45. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $398.43 and its two-hundred day moving average is $439.92.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.06 by $0.21. The company had revenue of $82.89 billion for the quarter, compared to the consensus estimate of $81.44 billion. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. Microsoft's revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.46 EPS. Analysts anticipate that Microsoft Corporation will post 16.76 EPS for the current year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 21st. Microsoft's payout ratio is currently 21.67%.
Key Microsoft News
Here are the key news stories impacting Microsoft this week:
Hedge Funds Weigh In On Microsoft
Several large investors have recently made changes to their positions in MSFT. Norges Bank acquired a new position in shares of Microsoft in the 4th quarter valued at $50,664,631,000. Auto Owners Insurance Co lifted its stake in shares of Microsoft by 56,160.8% in the 4th quarter. Auto Owners Insurance Co now owns 60,116,384 shares of the software giant's stock valued at $29,073,486,000 after purchasing an additional 60,009,531 shares during the period. Nuveen LLC acquired a new position in shares of Microsoft in the 1st quarter valued at $18,733,827,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Microsoft by 500.0% in 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 purchasing an additional 49,618,571 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Microsoft by 49,640.3% in 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 purchasing an additional 29,906,791 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on MSFT. Cantor Fitzgerald dropped their target price on shares of Microsoft to $502.00 and set an "overweight" rating on the stock in a research report on Monday, April 27th. Jefferies Financial Group restated a "buy" rating on shares of Microsoft in a research note on Monday, May 4th. Raymond James Financial cut shares of Microsoft from a "market perform" rating to a "market perform" rating in a research note on Tuesday, May 5th. The Goldman Sachs Group restated a "buy" rating on shares of Microsoft in a research note on Thursday, April 30th. Finally, Wedbush restated an "outperform" rating and set a $575.00 price objective on shares of Microsoft in a research note on Wednesday, May 13th. Thirty-nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $560.88.
Check Out Our Latest Analysis on MSFT
Microsoft Company Profile
(
Get Free Report)
Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.
Microsoft's product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).
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