Microsoft Target of Unusually High Options Trading (MSFT)
Microsoft (NASDAQ:MSFT) was the target of unusually large options trading on Friday. Traders acquired 123,283 call options on the stock, AnalystRatingsNetwork reports. This is an increase of approximately 234% compared to the typical daily volume of 36,905 call options.
A number of research firms have recently commented on MSFT. Analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday. They now have a $43.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday. They now have a $41.00 price target on the stock, up previously from $35.00. Finally, analysts at FBR Capital Markets upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 5th. They now have a $49.00 price target on the stock, up previously from $43.00. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company. Microsoft currently has a consensus rating of “Hold” and a consensus price target of $38.83.
Microsoft (NASDAQ:MSFT) traded up 1.60% during mid-day trading on Friday, hitting $41.23. The stock had a trading volume of 26,261,252 shares. Microsoft has a 52-week low of $30.84 and a 52-week high of $41.66. The stock’s 50-day moving average is $40.20 and its 200-day moving average is $38.51. The company has a market cap of $340.6 billion and a P/E ratio of 15.20.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.63 by $0.05. The company had revenue of $20.40 billion for the quarter, compared to the consensus estimate of $20.38 billion. During the same quarter last year, the company posted $0.72 earnings per share. Microsoft’s revenue was down .4% compared to the same quarter last year. Analysts expect that Microsoft will post $2.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, August 19th.
Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services.
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