Microsoft Co. (NASDAQ:MSFT) Insider Sells $16,103,600.00 in Stock

Microsoft Co. (NASDAQ:MSFT) insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Microsoft Price Performance

Shares of Microsoft stock opened at $430.59 on Friday. The stock has a market cap of $3.20 trillion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a 50 day moving average price of $423.50 and a 200-day moving average price of $423.25. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (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 company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter in the previous year, the business earned $2.69 EPS. Microsoft’s revenue was up 15.2% compared to the same quarter last year. Equities analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Hedge Funds Weigh In On Microsoft

A number of large investors have recently bought and sold shares of the business. Bison Wealth LLC lifted its holdings in shares of Microsoft by 0.4% in the 4th quarter. Bison Wealth LLC now owns 47,380 shares of the software giant’s stock worth $17,817,000 after buying an additional 179 shares during the period. Investors Research Corp lifted its holdings in shares of Microsoft by 0.4% in the 4th quarter. Investors Research Corp now owns 13,224 shares of the software giant’s stock worth $4,973,000 after buying an additional 51 shares during the period. TNF LLC lifted its holdings in shares of Microsoft by 20.4% in the 4th quarter. TNF LLC now owns 2,080 shares of the software giant’s stock worth $852,000 after buying an additional 352 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Microsoft by 9.9% in the 4th quarter. Mackenzie Financial Corp now owns 5,406,870 shares of the software giant’s stock worth $2,033,199,000 after buying an additional 485,689 shares during the period. Finally, Sippican Capital Advisors lifted its holdings in shares of Microsoft by 46.0% in the 4th quarter. Sippican Capital Advisors now owns 2,347 shares of the software giant’s stock worth $883,000 after buying an additional 740 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MSFT. TD Cowen upped their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. UBS Group decreased their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley decreased 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. Citigroup decreased their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock 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 note on Friday, June 7th. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

About Microsoft

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.