Microsoft (NASDAQ:MSFT) Shares Down 1.1% – Here’s Why

Shares of Microsoft Co. (NASDAQ:MSFT) dropped 1.1% during trading on Tuesday . The stock traded as low as $381.00 and last traded at $384.18. Approximately 9,249,516 shares traded hands during trading, a decline of 59% from the average daily volume of 22,587,955 shares. The stock had previously closed at $388.49.

Analyst Ratings Changes

MSFT has been the subject of several recent research reports. Mizuho cut their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday. Loop Capital increased their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Trading Up 0.0 %

The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $419.75 and its 200-day moving average is $422.59. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 31.29, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the firm posted $2.93 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.03% of the company’s stock.

Institutional Trading of Microsoft

A number of hedge funds have recently bought and sold shares of MSFT. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at $38,000. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares in the last quarter. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Microsoft in the 4th quarter valued at $44,000. 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.