Microsoft (NASDAQ:MSFT) Stock Price Down 0.2%

Microsoft Co. (NASDAQ:MSFT) shares traded down 0.2% during mid-day trading on Monday . The stock traded as low as $428.62 and last traded at $429.73. Approximately 3,140,915 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 20,497,875 shares. The stock had previously closed at $430.59.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSFT. Morgan Stanley cut their target price on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. TD Cowen lifted their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Citigroup reduced their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Oppenheimer lifted their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Stock Down 0.0 %

The firm has a market cap of $3.20 trillion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 2.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a 50-day moving average of $423.50 and a 200-day moving average of $423.47.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Insider Transactions at Microsoft

In related news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Microsoft

Several large investors have recently bought and sold shares of the company. Flynn Zito Capital Management LLC increased its holdings in Microsoft by 0.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 10,066 shares of the software giant’s stock valued at $3,785,000 after purchasing an additional 94 shares during the period. AIA Group Ltd increased its stake in shares of Microsoft by 16.0% in the fourth quarter. AIA Group Ltd now owns 354,889 shares of the software giant’s stock valued at $133,452,000 after buying an additional 49,029 shares during the period. Xponance Inc. lifted its stake in shares of Microsoft by 0.9% in the fourth quarter. Xponance Inc. now owns 1,760,027 shares of the software giant’s stock worth $661,841,000 after acquiring an additional 16,350 shares during the period. Bender Robert & Associates boosted its holdings in Microsoft by 0.3% in the fourth quarter. Bender Robert & Associates now owns 20,352 shares of the software giant’s stock valued at $7,653,000 after acquiring an additional 64 shares during the last quarter. Finally, Trust Investment Advisors increased its position in Microsoft by 1.6% during the 4th quarter. Trust Investment Advisors now owns 23,595 shares of the software giant’s stock valued at $8,873,000 after purchasing an additional 373 shares during the period. 71.13% of the stock is currently 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.