Traders Sell Microsoft Corporation (MSFT) on Strength After Insider Selling

Investors sold shares of Microsoft Corporation (NASDAQ:MSFT) on strength during trading hours on Friday following insider selling activity. $175.59 million flowed into the stock on the tick-up and $283.83 million flowed out of the stock on the tick-down, for a money net flow of $108.24 million out of the stock. Of all companies tracked, Microsoft Corporation had the 24th highest net out-flow for the day. Microsoft Corporation traded up $0.34 for the day and closed at $69.96Specifically, insider Jean Philippe Courtois sold 26,694 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $69.00, for a total value of $1,841,886.00. Following the completion of the sale, the insider now owns 607,688 shares in the company, valued at approximately $41,930,472. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the sale, the executive vice president now owns 216,507 shares of the company’s stock, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. Insiders have sold a total of 12,060,786 shares of company stock valued at $831,893,332 in the last quarter. 2.99% of the stock is currently owned by company insiders.

Several research analysts recently commented on the stock. Global Equities Research reiterated a “buy” rating and set a $75.00 price objective on shares of Microsoft Corporation in a research note on Tuesday, June 13th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 price objective on shares of Microsoft Corporation in a research note on Friday. Morgan Stanley set a $80.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein set a $76.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Thursday, March 9th. Finally, Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price objective for the company in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $70.21.

The firm’s 50 day moving average is $69.62 and its 200 day moving average is $65.40. The stock has a market cap of $547.15 billion, a PE ratio of 31.28 and a beta of 0.99.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. The firm had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $23.62 billion. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. Microsoft Corporation’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. Equities analysts forecast that Microsoft Corporation will post $3.03 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is presently 69.03%.

A number of institutional investors have recently added to or reduced their stakes in the company. James Investment Research Inc. boosted its position in Microsoft Corporation by 29.5% in the first quarter. James Investment Research Inc. now owns 1,702 shares of the software giant’s stock worth $112,000 after buying an additional 388 shares in the last quarter. Asset Planning Services Ltd. boosted its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the first quarter worth about $132,000. Kernodle & Katon Asset Management Group LLC raised its position in shares of Microsoft Corporation by 0.5% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 2,067 shares of the software giant’s stock worth $136,000 after buying an additional 11 shares during the last quarter. Finally, Pacific Center for Financial Services acquired a new position in shares of Microsoft Corporation during the fourth quarter worth about $155,000. Hedge funds and other institutional investors own 72.78% 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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