Microsoft (NASDAQ:MSFT) Trading Down 0.2%

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

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. Tigress Financial raised their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Bank of America raised their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. New Street Research assumed coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. Oppenheimer raised their price objective on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Finally, TD Cowen upped their target price on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Stock Performance

The stock has a market cap of $3.20 trillion, a PE ratio of 37.21, a PEG 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 firm has a 50 day moving average of $423.50 and a two-hundred day moving average of $423.47.

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

Insider Activity

In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Microsoft

A number of hedge funds and other institutional investors have recently modified their holdings of MSFT. Rebalance LLC lifted its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares in the last quarter. First National Bank Sioux Falls lifted its stake in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares in the last quarter. Innova Wealth Partners boosted its holdings in shares of Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after buying an additional 25 shares during the period. Arkansas Financial Group Inc. boosted its holdings in shares of Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after buying an additional 25 shares during the period. Finally, Partnership Wealth Management LLC increased its position in shares of Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

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.