Key Points
- Microsoft EVP Takeshi Numoto sold 5,000 shares for $2.655 million at an average price of $531, reducing his position by 8.42% to 54,412 shares.
- Microsoft’s latest quarter beat estimates, with EPS of $4.89 and revenue of $92.28 billion, up 18.8% year over year.
- The company raised its quarterly dividend from $0.91 to $0.98 per share; analysts’ consensus rating is “Moderate Buy,” with a $609.54 average price target.
Microsoft Corporation (NASDAQ:MSFT - Get Free Report) EVP Takeshi Numoto sold 5,000 shares of the firm's stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $531.00, for a total value of $2,655,000.00. Following the sale, the executive vice president directly owned 54,412 shares of the company's stock, valued at $28,892,772. This represents a 8.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Microsoft Trading Up 0.4%
MSFT stock opened at $523.00 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.22 and a quick ratio of 1.21. The company has a fifty day moving average price of $518.72 and a two-hundred day moving average price of $441.64. Microsoft Corporation has a one year low of $349.20 and a one year high of $559.15. The stock has a market cap of $3.88 trillion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The software giant reported $4.89 EPS for the quarter, beating the consensus estimate of $4.72 by $0.17. The firm had revenue of $92.28 billion for the quarter, compared to the consensus estimate of $90.62 billion. Microsoft had a net margin of 41.17% and a return on equity of 31.28%. The company's quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the company earned $4.13 earnings per share. Equities analysts anticipate that Microsoft Corporation will post 19.91 EPS for the current year.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a $0.98 dividend. This is an increase from Microsoft's previous quarterly dividend of $0.91. The ex-dividend date is Thursday, November 19th. This represents a $3.92 dividend on an annualized basis and a yield of 0.7%. Microsoft's dividend payout ratio (DPR) is currently 19.00%.
Microsoft News Summary
Investors following MSFT have been watching these news items:
Institutional Trading of Microsoft
Several hedge funds and other institutional investors have recently bought and sold shares of MSFT. State Street Corp lifted its position in shares of Microsoft by 1.6% during the 3rd quarter. State Street Corp now owns 320,715,997 shares of the software giant's stock valued at $164,495,235,000 after acquiring an additional 5,062,791 shares during the period. Bank of America Corp DE acquired a new stake in shares of Microsoft during the 2nd quarter worth $27,338,370,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Microsoft by 0.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,375,360 shares of the software giant's stock worth $24,013,297,000 after purchasing an additional 543,172 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Microsoft during the 2nd quarter worth $18,306,443,000. Finally, Amundi increased its position in shares of Microsoft by 12.0% in the second quarter. Amundi now owns 46,694,778 shares of the software giant's stock worth $17,418,076,000 after purchasing an additional 5,019,702 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on MSFT. Barclays raised their price objective on shares of Microsoft from $600.00 to $610.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. DA Davidson upped their target price on Microsoft from $550.00 to $650.00 and gave the company a "buy" rating in a research report on Thursday, October 29th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $640.00 target price on shares of Microsoft in a research report on Thursday, July 30th. Phillip Securities lowered Microsoft from a "moderate buy" rating to a "hold" rating in a research note on Monday, October 12th. Finally, TD Cowen lifted their price target on Microsoft from $625.00 to $650.00 and gave the stock a "buy" rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $609.54.
Check Out Our Latest Stock Analysis on Microsoft
About Microsoft
(
Get Free Report)
Microsoft Corporation is a global technology company that develops software, cloud services, devices, and digital solutions for consumers, businesses, and public-sector organizations. Founded in 1975 by Bill Gates and Paul Allen, the company is headquartered in Redmond, Washington. Its products and services include the Windows operating system, Microsoft 365 productivity applications, Azure cloud computing, LinkedIn, GitHub, Surface devices, and Xbox gaming products and services. Microsoft also provides business software, cybersecurity tools, and artificial intelligence technologies.
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