Microsoft (NASDAQ:MSFT) Shares Down 0%

Microsoft Co. (NASDAQ:MSFT) was down 0% on Tuesday . The company traded as low as $453.11 and last traded at $456.67. Approximately 3,368,341 shares traded hands during trading, a decline of 84% from the average daily volume of 20,773,369 shares. The stock had previously closed at $456.73.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MSFT shares. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. Raymond James restated an “outperform” rating and issued a $480.00 price target (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Citigroup increased their price objective on shares of Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Sanford C. Bernstein lifted their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, New Street Research started coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Microsoft Price Performance

The business’s fifty day moving average price is $426.26 and its 200 day moving average price is $411.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock has a market cap of $3.42 trillion, a P/E ratio of 39.89, a PEG ratio of 2.16 and a beta of 0.89.

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

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Insiders Place Their Bets

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

Institutional Trading of Microsoft

Several institutional investors have recently modified their holdings of the business. Friedenthal Financial bought a new position in shares of Microsoft during the fourth quarter worth about $45,000. Neo Ivy Capital Management bought a new position in Microsoft during the 4th quarter worth approximately $58,000. Richardson Capital Management LLC boosted its stake in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter. PayPay Securities Corp increased its position in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the period. Finally, Bellevue Group AG raised its stake 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 buying an additional 58 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

About Microsoft

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.