Microsoft Corporation (NASDAQ:MSFT) insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $83.93 on Tuesday. Microsoft Corporation has a 12-month low of $57.28 and a 12-month high of $86.20. The company has a market cap of $647,022.69, a price-to-earnings ratio of 24.81, a P/E/G ratio of 1.96 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. Microsoft Corporation’s revenue for the quarter was up 11.7% on a year-over-year basis. equities analysts forecast that Microsoft Corporation will post 3.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.00%. Microsoft Corporation’s dividend payout ratio is 53.06%.
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A number of equities research analysts have commented on the stock. Sanford C. Bernstein set a $87.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Canaccord Genuity reiterated a “hold” rating and set a $76.00 price target on shares of Microsoft Corporation in a research note on Friday, September 15th. Royal Bank Of Canada restated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of Microsoft Corporation in a research note on Friday, October 27th. Evercore ISI restated a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Friday, August 18th. Finally, UBS AG set a $105.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $83.86.
A number of hedge funds have recently added to or reduced their stakes in MSFT. Capital Research Global Investors increased its stake in Microsoft Corporation by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after buying an additional 47,353,245 shares during the period. Janus Henderson Group PLC increased its stake in Microsoft Corporation by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after buying an additional 42,243,011 shares during the period. Vanguard Group Inc. increased its stake in Microsoft Corporation by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares during the period. Tiger Global Management LLC increased its stake in Microsoft Corporation by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after buying an additional 8,369,500 shares during the period. Finally, Polen Capital Management LLC acquired a new position in Microsoft Corporation in the 3rd quarter valued at $527,480,000. Hedge funds and other institutional investors own 73.37% of the company’s stock.
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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