Microsoft Co. (NASDAQ:MSFT) CMO Sells $1,027,600.00 in Stock

Microsoft Co. (NASDAQ:MSFT) CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Microsoft Stock Up 0.8 %

Shares of Microsoft stock opened at $430.59 on Friday. The company’s fifty day simple moving average is $423.50 and its two-hundred day simple moving average is $423.25. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.20 trillion, a P/E ratio of 37.28, a PEG ratio of 2.14 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. Research analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Macquarie upped their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. TD Cowen increased their target price on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. New Street Research started coverage on Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price target for the company. Finally, Bank of America increased their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after acquiring an additional 3,078,099 shares in the last quarter. Norges Bank purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $35,920,047,000. Capital International Investors boosted its position in shares of Microsoft by 1.0% in the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after purchasing an additional 842,884 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after buying an additional 97,075 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Microsoft by 1.1% during the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after buying an additional 277,881 shares in the last quarter. Hedge funds and other institutional investors 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.