Microsoft (NASDAQ:MSFT) Shares Up 0.4%

Microsoft Co. (NASDAQ:MSFTGet Free Report) shares shot up 0.4% during trading on Wednesday . The company traded as high as $423.22 and last traded at $422.94. 5,390,410 shares traded hands during trading, a decline of 76% from the average session volume of 22,471,920 shares. The stock had previously closed at $421.44.

Analyst Ratings Changes

A number of brokerages have commented on MSFT. Mizuho raised their price target on shares of Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Argus raised their price target on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Royal Bank of Canada boosted their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Raymond James boosted their target price on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $425.52.

Check Out Our Latest Report on MSFT

Microsoft Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.14 trillion, a PE ratio of 38.24, a P/E/G ratio of 2.26 and a beta of 0.89. The business’s fifty day moving average is $412.27 and its 200-day moving average is $376.71.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.32 EPS. As a group, research analysts predict that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Microsoft

A number of institutional investors have recently modified their holdings of the company. Monumental Financial Group Inc. purchased a new position in shares of Microsoft in the first quarter valued at $28,000. Friedenthal Financial acquired a new stake in shares of Microsoft during the fourth quarter worth $45,000. Bellevue Group AG acquired a new stake in shares of Microsoft during the fourth quarter worth $46,000. Neo Ivy Capital Management bought a new position in Microsoft in the 4th quarter valued at about $58,000. Finally, Atlantic Private Wealth LLC grew its position in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

About Microsoft

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Further Reading

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