Traders purchased shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading on Thursday following insider selling activity. $361.42 million flowed into the stock on the tick-up and $237.86 million flowed out of the stock on the tick-down, for a money net flow of $123.56 million into the stock. Of all companies tracked, Microsoft had the 2nd highest net in-flow for the day. Microsoft traded down ($0.29) for the day and closed at $82.49Specifically, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by insiders.
Several research analysts have recently commented on MSFT shares. Evercore ISI restated a “buy” rating and set a $80.00 price target on shares of Microsoft in a research note on Friday, August 18th. BidaskClub upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Credit Suisse Group set a $84.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, August 11th. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $90.00 price target on shares of Microsoft in a research note on Sunday, August 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $84.59.
The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $636,880.00, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.04%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is presently 56.76%.
Institutional investors and hedge funds have recently bought and sold shares of the business. River Wealth Advisors LLC grew its position in shares of Microsoft by 6.4% during the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock worth $1,732,000 after buying an additional 1,517 shares during the period. Northeast Financial Consultants Inc grew its position in shares of Microsoft by 17.4% during the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after buying an additional 1,500 shares during the period. JLB & Associates Inc. acquired a new stake in shares of Microsoft during the 2nd quarter worth approximately $10,873,000. State of Wisconsin Investment Board grew its position in shares of Microsoft by 7.3% during the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after buying an additional 530,893 shares during the period. Finally, One Capital Management LLC grew its holdings in Microsoft by 5.0% during the second quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after purchasing an additional 2,675 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Traders Buy Shares of Microsoft (MSFT) on Weakness After Insider Selling” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/08/traders-buy-shares-of-microsoft-msft-on-weakness-after-insider-selling.html.
Microsoft 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.
Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.