Microsoft Co. (NASDAQ:MSFT) CFO Amy Hood sold 118,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total transaction of $13,086,200.00. Following the completion of the sale, the chief financial officer now owns 669,327 shares in the company, valued at $74,228,364.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
NASDAQ MSFT opened at $108.21 on Friday. The stock has a market capitalization of $835.35 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.07 and a beta of 1.26. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. Microsoft Co. has a 1-year low of $72.92 and a 1-year high of $112.78.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The business had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. During the same period in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. sell-side analysts forecast that Microsoft Co. will post 4.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, August 15th. Microsoft’s dividend payout ratio is presently 43.30%.
Several brokerages recently issued reports on MSFT. Barclays set a $120.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada restated a “buy” rating and issued a $124.00 price objective on shares of Microsoft in a report on Monday, September 3rd. BidaskClub upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Morgan Stanley restated a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a report on Tuesday, August 28th. Finally, Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $119.49.
Several institutional investors have recently made changes to their positions in MSFT. Peak Capital Management LLC acquired a new position in Microsoft in the second quarter valued at approximately $107,000. Fort L.P. acquired a new position in Microsoft in the second quarter valued at approximately $119,000. WP Advisors LLC acquired a new position in Microsoft in the second quarter valued at approximately $131,000. LFA Lugano Financial Advisors SA acquired a new position in Microsoft in the second quarter valued at approximately $139,000. Finally, Live Your Vision LLC boosted its holdings in Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after purchasing an additional 509 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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