Microsoft Target of Unusually Large Options Trading (MSFT)
Shares of Microsoft (NASDAQ:MSFT) were the recipient of unusually large options trading on Monday. Traders purchased 99,376 call options on the stock, Stock Ratings News reports. This represents an increase of approximately 113% compared to the typical daily volume of 46,710 call options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday, June 12th. 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, June 12th. 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. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. Microsoft currently has an average rating of “Hold” and an average target price of $38.90.
Microsoft (NASDAQ:MSFT) traded down 1.30% during mid-day trading on Monday, hitting $41.70. 30,790,300 shares of the company’s stock traded hands. Microsoft has a one year low of $30.84 and a one year high of $42.29. The stock’s 50-day moving average is $40.79 and its 200-day moving average is $38.79. The company has a market cap of $344.5 billion and a P/E ratio of 15.83.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. 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. Investors 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 2.69%. 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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