Traders Buy Shares of Microsoft Corporation (MSFT) on Weakness

Investors purchased shares of Microsoft Corporation (NASDAQ:MSFT) on weakness during trading on Tuesday. $193.13 million flowed into the stock on the tick-up and $136.21 million flowed out of the stock on the tick-down, for a money net flow of $56.92 million into the stock. Of all stocks tracked, Microsoft Corporation had the 5th highest net in-flow for the day. Microsoft Corporation traded down ($0.12) for the day and closed at $72.58

A number of research firms have commented on MSFT. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Evercore ISI reissued a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research note on Friday. Credit Suisse Group set a $84.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Finally, Global Equities Research restated a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-nine have assigned a buy rating to the stock. Microsoft Corporation presently has a consensus rating of “Buy” and an average target price of $76.26.

The firm has a 50-day moving average of $72.16 and a 200 day moving average of $68.26. The firm has a market cap of $558.34 billion, a PE ratio of 26.75 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. On average, equities analysts expect that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.

In related news, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total value of $1,805,385.00. Following the completion of the transaction, the insider now directly owns 570,843 shares of the company’s stock, valued at approximately $39,388,167. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,057,855 shares of company stock valued at $512,044,578. 2.99% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of MSFT. 3G Capital Partners LP boosted its stake in shares of Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock valued at $99,955,000 after buying an additional 106,728 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares during the last quarter. Wealthfront Inc. boosted its stake in shares of Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after buying an additional 31,364 shares during the last quarter. AMF Pensionsforsakring AB boosted its stake in shares of Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock valued at $408,862,000 after buying an additional 606,188 shares during the last quarter. Finally, Dodge & Cox bought a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $2,658,504,000. Institutional investors own 72.64% of the company’s stock.

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About Microsoft Corporation

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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