Insider Selling: Microsoft Corporation (MSFT) Insider Sells 15,000 Shares of Stock
Microsoft Corporation (NASDAQ:MSFT) insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Microsoft Corporation (NASDAQ MSFT) traded up $0.87 during trading hours on Friday, hitting $84.05. 23,822,964 shares of the stock were exchanged, compared to its average volume of 21,712,110. The stock has a market capitalization of $648.41 billion, a PE ratio of 24.87 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.76 EPS. sell-side analysts predict that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. Microsoft Corporation’s dividend payout ratio is currently 53.06%.
A number of analysts recently issued reports on MSFT shares. ValuEngine upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morningstar, Inc. restated a “neutral” rating on shares of Microsoft Corporation in a report on Monday, October 16th. Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $83.02.
Several large investors have recently added to or reduced their stakes in the company. Wrapmanager Inc. purchased a new stake in shares of Microsoft Corporation in the 3rd quarter worth about $678,000. Capco Asset Management LLC grew its position in shares of Microsoft Corporation by 0.5% in the 3rd quarter. Capco Asset Management LLC now owns 240,427 shares of the software giant’s stock worth $17,909,000 after buying an additional 1,105 shares during the period. Courier Capital LLC grew its position in shares of Microsoft Corporation by 75.1% in the 3rd quarter. Courier Capital LLC now owns 108,756 shares of the software giant’s stock worth $8,101,000 after buying an additional 46,632 shares during the period. FDx Advisors Inc. grew its position in shares of Microsoft Corporation by 12.1% in the 3rd quarter. FDx Advisors Inc. now owns 256,093 shares of the software giant’s stock worth $19,076,000 after buying an additional 27,657 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Microsoft Corporation by 59.4% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,628,790 shares of the software giant’s stock worth $121,329,000 after buying an additional 607,240 shares during the period. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corporation Company Profile
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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