Insider Selling: Microsoft Co. (NASDAQ:MSFT) CMO Sells 1,000 Shares of Stock

by · The Markets Daily

Microsoft Co. (NASDAQ:MSFT – Get Free Report) CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total value of $423,480.00. Following the completion of the sale, the chief marketing officer now directly owns 56,511 shares in the company, valued at approximately $23,931,278.28. This represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Takeshi Numoto also recently made the following trade(s):

  • On Monday, December 2nd, Takeshi Numoto sold 2,500 shares of Microsoft stock. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00.
  • On Friday, November 22nd, Takeshi Numoto sold 1,000 shares of Microsoft stock. The shares were sold at an average price of $414.72, for a total value of $414,720.00.
  • On Tuesday, September 10th, Takeshi Numoto sold 2,500 shares of Microsoft stock. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00.

Microsoft Price Performance

MSFT traded up $7.52 on Monday, reaching $430.98. The stock had a trading volume of 20,184,242 shares, compared to its average volume of 20,556,076. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The firm has a 50-day moving average of $420.84 and a 200-day moving average of $426.55. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the company posted $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its board has authorized a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is presently 27.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP bought a new position in Microsoft during the second quarter valued at $45,000. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter valued at $62,000. Innealta Capital LLC bought a new position in shares of Microsoft in the second quarter worth $75,000. Finally, Bellevue Group AG boosted its holdings in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a research note on Monday, September 23rd. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Morgan Stanley raised their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. UBS Group decreased their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, BMO Capital Markets reduced their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Check Out Our Latest Report on Microsoft

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.

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