Microsoft Co. (NASDAQ:MSFT – Get Free Report) EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the transaction, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Microsoft Stock Up 1.5 %
Shares of MSFT stock traded up $4.89 during mid-day trading on Tuesday, hitting $333.55. 18,547,500 shares of the stock traded hands, compared to its average volume of 29,049,623. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The stock has a market cap of $2.48 trillion, a P/E ratio of 33.92, a P/E/G ratio of 2.42 and a beta of 0.90. The stock’s fifty day moving average is $332.77 and its two-hundred day moving average is $308.80. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The business had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. During the same period in the previous year, the company earned $2.23 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. Microsoft’s payout ratio is 28.07%.
Hedge Funds Weigh In On Microsoft
Several hedge funds and other institutional investors have recently modified their holdings of MSFT. Monumental Financial Group Inc. purchased a new position in Microsoft in the 1st quarter valued at about $28,000. PayPay Securities Corp purchased a new stake in shares of Microsoft during the 4th quarter valued at approximately $54,000. Gleason Group Inc. increased its position in shares of Microsoft by 111.7% during the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after acquiring an additional 105 shares during the last quarter. Syverson Strege & Co raised its position in Microsoft by 157.0% in the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after purchasing an additional 124 shares during the period. Finally, Atlantic Private Wealth LLC lifted its stake in Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after acquiring an additional 155 shares in the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have commented on MSFT shares. Oppenheimer reissued an “outperform” rating and set a $410.00 price target on shares of Microsoft in a report on Friday, July 28th. Credit Suisse Group increased their price objective on shares of Microsoft from $350.00 to $420.00 in a research report on Wednesday, May 31st. Evercore ISI boosted their target price on shares of Microsoft from $337.00 to $400.00 in a report on Friday, June 2nd. Citigroup lowered their price target on shares of Microsoft from $425.00 to $420.00 in a report on Wednesday, July 26th. Finally, DA Davidson boosted their price objective on Microsoft from $350.00 to $415.00 in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $373.68.
Read Our Latest Stock Analysis on MSFT
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.
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