Microsoft Corp. Sees Unusually High Options Volume (MSFT)
Microsoft Corp. (NASDAQ:MSFT) was the recipient of unusually large options trading activity on Friday. Investors purchased 262,873 call options on the company, American Banking & Market News reports. This represents an increase of approximately 245% compared to the average volume of 76,171 call options.
In other Microsoft Corp. news, EVP Anthony John Bates unloaded 14,000 shares of Microsoft Corp. stock on the open market in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $36.03, for a total value of $504,420.00. Following the completion of the transaction, the executive vice president now directly owns 601,777 shares in the company, valued at approximately $21,682,025. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on MSFT. Analysts at Sterne Agee initiated coverage on shares of Microsoft Corp. in a research note on Tuesday, February 4th. They set a “neutral” rating and a $40.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Microsoft Corp. in a research note on Wednesday, January 29th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Microsoft Corp. in a research note on Friday, January 24th. They now have a $38.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.07.
Microsoft Corp. (NASDAQ:MSFT) opened at 37.62 on Monday. Microsoft Corp. has a 1-year low of $27.23 and a 1-year high of $38.98. The stock’s 50-day moving average is $36.53 and its 200-day moving average is $35.12. The company has a market cap of $312.3 billion and a price-to-earnings ratio of 13.93.
Microsoft Corp. (NASDAQ:MSFT) last posted its quarterly 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 $2.71 EPS for the current fiscal year.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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