Investors sold shares of Microsoft Co. (NASDAQ:MSFT) on strength during trading hours on Monday after an insider sold shares in the company. $329.86 million flowed into the stock on the tick-up and $652.55 million flowed out of the stock on the tick-down, for a money net flow of $322.69 million out of the stock. Of all stocks tracked, Microsoft had the 0th highest net out-flow for the day. Microsoft traded up $1.36 for the day and closed at $95.42Specifically, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at approximately $16,633,337.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,000 shares of company stock worth $2,427,600. Corporate insiders own 1.49% of the company’s stock.
A number of research analysts recently weighed in on the stock. Argus raised shares of Microsoft from a “hold” rating to a “buy” rating and raised their price target for the company from $57.28 to $95.00 in a research note on Tuesday, October 31st. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 target price on the stock. in a research note on Wednesday, January 17th. Instinet assumed coverage on shares of Microsoft in a research note on Thursday, January 25th. They issued a “buy” rating on the stock. Finally, UBS Group set a $105.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $99.11.
The stock has a market cap of $734,710.00, a P/E ratio of 29.27, a P/E/G ratio of 2.18 and a beta of 1.06. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.76%. Microsoft’s dividend payout ratio (DPR) is 51.53%.
Several institutional investors have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Microsoft in the fourth quarter valued at $103,000. First Dallas Securities Inc. purchased a new stake in Microsoft in the fourth quarter valued at $123,000. Cerebellum GP LLC purchased a new stake in Microsoft in the fourth quarter valued at $134,000. Financial Gravity Companies Inc. purchased a new stake in Microsoft in the fourth quarter valued at $152,000. Finally, Acrospire Investment Management LLC lifted its position in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.
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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