Takeshi Numoto Sells 2,850 Shares of Microsoft (NASDAQ:MSFT) Stock
Microsoft EVP Takeshi Numoto sold 2,850 shares of Microsoft stock at $478.72 each, totaling $1,364,352. Post-sale, Numoto holds 55,782 shares, a 4.86% decrease in his position. The transaction was disclosed in an SEC filing. Microsoft's stock rose 0.5% to $483.16. The company recently reported strong quarterly earnings and announced a quarterly dividend of $0.91 per share. Institutional investors have been adjusting their stakes in Microsoft, and analysts have issued positive ratings with increased price targets.
Microsoft Corporation (NASDAQ:MSFT - Get Free Report) EVP Takeshi Numoto sold 2,850 shares of the company's stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the sale, the executive vice president owned 55,782 shares in the company, valued at $26,703,959.04. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Microsoft Stock Up 0.5%
- Gates Foundation Sells MSFT Stock—Should Investors Be Worried?
Shares of Microsoft stock traded up $2.32 during trading on Friday, hitting $483.16. 22,579,601 shares of the stock were exchanged, compared to its average volume of 22,210,184. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39. The stock has a market cap of $3.59 trillion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. The firm's 50-day moving average price is $507.85 and its 200 day moving average price is $500.78.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, beating the consensus estimate of $3.65 by $0.48. The firm had revenue of $77.67 billion during the quarter, compared to the consensus estimate of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. Microsoft's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.30 EPS. As a group, analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
- Strong Quarter, Weak Reaction: Why GitLab Shares Dropped
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft's payout ratio is presently 25.89%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSFT. Longfellow Investment Management Co. LLC increased its position in shares of Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant's stock valued at $29,000 after buying an additional 20 shares in the last quarter. Bulwark Capital Corp acquired a new position in shares of Microsoft during the 2nd quarter worth about $32,000. Westend Capital Management LLC grew its stake in Microsoft by 386.7% in the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant's stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Microsoft during the third quarter worth $38,000. Finally, LSV Asset Management acquired a new stake in Microsoft in the 4th quarter valued at about $44,000. Institutional investors own 71.13% of the company's stock.
Wall Street Analyst Weigh In
- Credo Technologies Posted a Blowout Quarter—Here's What's Next
Several brokerages have issued reports on MSFT. Sanford C. Bernstein increased their price objective on shares of Microsoft from $637.00 to $645.00 and gave the company an "outperform" rating in a research report on Thursday, October 30th. BNP Paribas Exane lifted their price objective on shares of Microsoft from $630.00 to $632.00 and gave the company an "outperform" rating in a research report on Monday, November 3rd. Evercore ISI set a $640.00 price objective on shares of Microsoft in a research note on Thursday, October 30th. Morgan Stanley lifted their target price on Microsoft from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. Finally, Raymond James Financial decreased their price target on Microsoft from $630.00 to $600.00 and set an "outperform" rating for the company in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $634.33.
Check Out Our Latest Stock Analysis on MSFT
Microsoft Company Profile
(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.
Further Reading
- Five stocks we like better than Microsoft
- 5 Top Rated Dividend Stocks to Consider
- Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift
- Using the MarketBeat Stock Split Calculator
- Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish
- What Are Growth Stocks and Investing in Them
- Snowflake Stock: The Dip That Smart Investors Are Buying Right Now
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Microsoft Right Now?
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
