Corp Microsoft Sells 1,000,000 Shares of Microsoft Co. (NASDAQ:MSFT) Stock

Microsoft Co. (NASDAQ:MSFTGet Free Report) major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Microsoft Price Performance

Shares of MSFT opened at $407.48 on Wednesday. The firm has a market capitalization of $3.03 trillion, a PE ratio of 36.84, a PEG ratio of 2.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The company’s 50-day moving average is $393.98 and its 200-day moving average is $360.94. Microsoft Co. has a fifty-two week low of $245.61 and a fifty-two week high of $420.82.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.32 earnings per share. Equities analysts forecast that Microsoft Co. will post 11.63 EPS for the current year.

Hedge Funds Weigh In On Microsoft

Several institutional investors and hedge funds have recently modified their holdings of MSFT. Morris Financial Concepts Inc. boosted its stake in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after buying an additional 25 shares during the period. Innova Wealth Partners lifted its position in shares of Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after acquiring an additional 25 shares during the period. Arkansas Financial Group Inc. grew its holdings in shares of Microsoft by 1.5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after purchasing an additional 25 shares in the last quarter. Sicart Associates LLC raised its stake in Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares in the last quarter. Finally, Capital Wealth Management LLC lifted its position in Microsoft by 1.7% during the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock worth $599,000 after purchasing an additional 26 shares during the period. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MSFT shares. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a report on Thursday, January 18th. Wedbush restated an “outperform” rating and issued a $450.00 price objective on shares of Microsoft in a research report on Monday, January 29th. BMO Capital Markets lifted their target price on Microsoft from $420.00 to $455.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Piper Sandler restated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a report on Thursday, January 25th. Finally, Mizuho boosted their price objective on Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $411.06.

Check Out Our Latest Analysis on MSFT

About Microsoft

(Get Free Report)

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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