Microsoft (NASDAQ:MSFT) Stock Price Down 1.2%

Microsoft Co. (NASDAQ:MSFT) fell 1.2% during mid-day trading on Tuesday . The stock traded as low as $447.70 and last traded at $448.38. 3,682,116 shares traded hands during trading, a decline of 82% from the average session volume of 20,443,871 shares. The stock had previously closed at $453.96.

Analyst Ratings Changes

Several research firms have weighed in on MSFT. Evercore ISI raised their price objective on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. TD Cowen increased their price objective on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group reissued a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Tigress Financial increased their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Jefferies Financial Group lifted their target price on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $477.72.

Microsoft Stock Down 0.7 %

The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.27 trillion, a P/E ratio of 38.02, a PEG ratio of 2.12 and a beta of 0.89. The firm’s 50 day moving average price is $438.21 and its two-hundred day moving average price is $417.61.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the firm earned $2.45 earnings per share. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.68%. Microsoft’s dividend payout ratio is 25.97%.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock worth $10,877,535 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MSFT. Friedenthal Financial acquired a new stake in Microsoft during the 4th quarter worth approximately $45,000. Neo Ivy Capital Management acquired a new stake in shares of Microsoft during the fourth quarter worth $58,000. Richardson Capital Management LLC boosted its position in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after acquiring an additional 129 shares during the period. PayPay Securities Corp grew its stake in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares in the last quarter. Finally, Bellevue Group AG increased its position in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Company Profile

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.