Microsoft (NASDAQ:MSFT) Trading Down 0%

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Macquarie boosted their price target on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, May 24th. JPMorgan Chase & Co. boosted their price target on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group boosted their price target on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Microsoft Trading Down 0.3 %

The stock has a market cap of $3.39 trillion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.36 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $424.11 and its 200 day simple moving average is $410.15.

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

Microsoft Dividend Announcement

The company 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. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction dated 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 sale, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the firm’s 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 transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Microsoft

A number of hedge funds have recently bought and sold shares of MSFT. Norges Bank bought a new position in Microsoft in the 4th quarter valued at about $35,920,047,000. International Assets Investment Management LLC bought a new position in Microsoft in the 4th quarter valued at about $9,625,201,000. Vanguard Group Inc. increased its holdings in Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after buying an additional 15,701,937 shares during the period. Swedbank AB bought a new position in Microsoft in the 1st quarter valued at about $5,587,119,000. Finally, TCI Fund Management Ltd. bought a new position in Microsoft in the 4th quarter valued at about $4,000,376,000. 71.13% of the stock is owned by institutional investors.

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.