Microsoft (MSFT) Reaches New 52-Week High at $120.85

Shares of Microsoft Co. (NASDAQ:MSFT) reached a new 52-week high on Thursday . The stock traded as high as $120.85 and last traded at $120.28, with a volume of 7309232 shares trading hands. The stock had previously closed at $120.19.

Several analysts have recently weighed in on MSFT shares. Credit Suisse Group set a $125.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Sunday, December 16th. Royal Bank of Canada reiterated a “buy” rating and set a $124.00 target price on shares of Microsoft in a research note on Monday, December 17th. Zacks Investment Research cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Goldman Sachs Group reiterated a “buy” rating and set a $123.00 target price on shares of Microsoft in a research note on Wednesday, January 23rd. Finally, Bank of America upgraded shares of Microsoft to a “buy” rating and cut their target price for the company from $150.00 to $140.00 in a research note on Monday, January 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $123.01.

The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.08 and a current ratio of 3.12. The firm has a market cap of $925.44 billion, a PE ratio of 30.93, a P/E/G ratio of 2.19 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The company had revenue of $32.47 billion for the quarter, compared to the consensus estimate of $32.53 billion. During the same period last year, the company earned $0.96 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts expect that Microsoft Co. will post 4.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. Microsoft’s dividend payout ratio is presently 47.42%.

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $110.46, for a total value of $552,300.00. Following the sale, the chief marketing officer now owns 156,866 shares of the company’s stock, valued at approximately $17,327,418.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 7,220 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $112.76, for a total value of $814,127.20. Following the completion of the sale, the insider now directly owns 53,069 shares in the company, valued at approximately $5,984,060.44. The disclosure for this sale can be found here. Insiders sold 333,667 shares of company stock valued at $35,657,016 over the last three months. 1.38% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Highwater Wealth Management LLC purchased a new position in shares of Microsoft in the fourth quarter worth $27,000. Quantamental Technologies LLC purchased a new stake in Microsoft during the fourth quarter valued at $26,000. Sageworth Trust Co increased its position in Microsoft by 1,525.0% during the first quarter. Sageworth Trust Co now owns 260 shares of the software giant’s stock valued at $31,000 after acquiring an additional 244 shares during the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in Microsoft during the fourth quarter valued at $30,000. Finally, Pearl River Capital LLC purchased a new stake in Microsoft during the fourth quarter valued at $38,000. 72.89% of the stock is owned by hedge funds and other institutional investors.

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About Microsoft (NASDAQ:MSFT)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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