Microsoft Corp. Target of Unusually Large Options Trading (MSFT)
Shares of Microsoft Corp. (NASDAQ:MSFT) was the target of some unusual options trading on Friday. Stock traders purchased 107,057 put options on the stock, AmericanBankingNews.com reports. This represents an increase of 110% compared to the average daily volume of 50,872 put options.
In other Microsoft Corp. news, CAO Frank Brod sold 10,000 shares of Microsoft Corp. stock on the open market in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $36.10, for a total value of $361,000.00. Following the completion of the sale, the chief accounting officer now directly owns 119,385 shares of the company’s stock, valued at approximately $4,309,799. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MSFT. Analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Microsoft Corp. in a research note to investors on Friday, January 24th. They now have a $38.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft Corp. in a research note to investors on Friday, January 24th. They now have a $42.50 price target on the stock, up previously from $40.00. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have given a buy rating to the stock. Microsoft Corp. has a consensus rating of “Hold” and a consensus target price of $35.93.
Microsoft Corp. (NASDAQ:MSFT) traded up 2.66% on Friday, hitting $37.84. The stock had a trading volume of 93,176,168 shares. Microsoft Corp. has a 1-year low of $27.10 and a 1-year high of $38.98. The stock has a 50-day moving average of $36.53 and a 200-day moving average of $34.85. The company has a market cap of $314.1 billion and a price-to-earnings ratio of 13.65.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 22nd. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.08. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.67 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts expect that Microsoft Corp. will post $2.70 EPS for the current fiscal year.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.