Microsoft Sees Unusually Large Options Volume (MSFT)
Shares of Microsoft (NASDAQ:MSFT) were the target of some unusual options trading on Monday. Investors bought 230,153 call options on the company, ARN reports. This is an increase of approximately 147% compared to the average daily volume of 93,198 call options.
In other Microsoft news, Director John Wendell Thompson acquired 23,194 shares of the company’s stock on the open market in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $43.12 per share, for a total transaction of $1,000,125.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Microsoft from $44.00 to $45.00 in a research note on Wednesday, July 23rd. They now have a “market perform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday, July 23rd. They now have a $50.00 price target on the stock, up previously from $47.50. Finally, analysts at Deutsche Bank upgraded shares of Microsoft from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $47.00 price target on the stock, up previously from $35.00. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.06.
Shares of Microsoft (NASDAQ:MSFT) traded up 0.71% during mid-day trading on Monday, hitting $45.11. The stock had a trading volume of 26,894,188 shares. Microsoft has a 52 week low of $30.95 and a 52 week high of $45.71. The stock’s 50-day moving average is $43.22 and its 200-day moving average is $40.37. The company has a market cap of $371.7 billion and a P/E ratio of 17.03.
Microsoft (NASDAQ:MSFT) last released its earnings data on Tuesday, July 22nd. The company reported $0.52 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.09. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.11 billion. During the same quarter last year, the company posted $0.59 earnings per share. Microsoft’s revenue was up 17.5% compared to the same quarter last year. On average, analysts predict that Microsoft will post $2.72 earnings per share 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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