Microsoft Co. (MSFT) Insider Jean Philippe Courtois Sells 26,165 Shares
Microsoft Co. (NASDAQ:MSFT) insider Jean Philippe Courtois sold 26,165 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total value of $1,805,385.00. Following the sale, the insider now owns 570,843 shares in the company, valued at approximately $39,388,167. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Jean Philippe Courtois also recently made the following trade(s):
- On Wednesday, May 3rd, Jean Philippe Courtois sold 26,694 shares of Microsoft stock. The stock was sold at an average price of $69.00, for a total value of $1,841,886.00.
Shares of Microsoft Co. (NASDAQ:MSFT) traded up 1.24% during trading on Thursday, reaching $69.62. The company had a trading volume of 21,854,095 shares. Microsoft Co. has a 1-year low of $48.03 and a 1-year high of $69.88. The stock has a market capitalization of $537.50 billion, a price-to-earnings ratio of 30.72 and a beta of 1.08. The company’s 50 day moving average is $67.61 and its 200-day moving average is $64.22.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $23.62 billion. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post $3.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be given a $0.39 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.24%. Microsoft’s dividend payout ratio (DPR) is currently 73.59%.
A number of brokerages have commented on MSFT. Wunderlich upped their price objective on Microsoft from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 27th. Goldman Sachs Group Inc restated a “buy” rating and set a $72.00 price objective (up from $68.00) on shares of Microsoft in a research report on Friday, January 27th. Stifel Nicolaus upped their price objective on Microsoft from $66.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Sanford C. Bernstein set a $76.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Friday, January 27th. Finally, Nomura set a $70.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Friday, January 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $69.45.
Several hedge funds and other institutional investors have recently modified their holdings of the company. James Investment Research Inc. increased its position in shares of Microsoft by 29.5% in the first quarter. James Investment Research Inc. now owns 1,702 shares of the software giant’s stock worth $112,000 after buying an additional 388 shares during the period. Asset Planning Services Ltd. increased its position in shares of Microsoft by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the period. Kernodle & Katon Asset Management Group LLC increased its position in shares of Microsoft by 0.5% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 2,067 shares of the software giant’s stock worth $136,000 after buying an additional 11 shares during the period. Pacific Center for Financial Services purchased a new position in shares of Microsoft during the fourth quarter worth $155,000. Finally, Welch Investments LLC purchased a new position in shares of Microsoft during the fourth quarter worth $160,000. Institutional investors and hedge funds own 72.29% of the company’s stock.
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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