Microsoft Co. (NASDAQ:MSFT) EVP Sells $2,123,661.99 in Stock

Microsoft Co. (NASDAQ:MSFT) EVP Kathleen T. Hogan sold 15,947 shares of Microsoft stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the completion of the transaction, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ MSFT opened at $132.10 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 2.93. The company has a market cap of $1,006.89 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $134.24.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. The company had revenue of $30.57 billion during the quarter, compared to analyst estimates of $29.86 billion. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 4.58 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in MSFT. Quadrant Capital Management LLC lifted its holdings in shares of Microsoft by 0.4% in the first quarter. Quadrant Capital Management LLC now owns 20,466 shares of the software giant’s stock worth $2,414,000 after buying an additional 81 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Microsoft by 1.4% in the first quarter. Merit Financial Group LLC now owns 5,822 shares of the software giant’s stock worth $686,000 after buying an additional 82 shares in the last quarter. ELCO Management Co. LLC lifted its holdings in shares of Microsoft by 0.7% in the first quarter. ELCO Management Co. LLC now owns 11,847 shares of the software giant’s stock worth $1,397,000 after buying an additional 85 shares in the last quarter. Karpas Strategies LLC lifted its holdings in shares of Microsoft by 0.4% in the first quarter. Karpas Strategies LLC now owns 24,283 shares of the software giant’s stock worth $2,864,000 after buying an additional 86 shares in the last quarter. Finally, Barton Investment Management lifted its holdings in shares of Microsoft by 0.3% in the first quarter. Barton Investment Management now owns 28,127 shares of the software giant’s stock worth $3,317,000 after buying an additional 90 shares in the last quarter. Institutional investors own 72.10% of the company’s stock.

Several brokerages have issued reports on MSFT. KeyCorp reaffirmed a “buy” rating and issued a $143.00 target price on shares of Microsoft in a report on Tuesday. Credit Suisse Group set a $145.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Monday, May 27th. Argus lifted their target price on shares of Microsoft to $145.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Oppenheimer lifted their target price on shares of Microsoft from $127.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Raymond James lifted their target price on shares of Microsoft from $142.00 to $149.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $135.75.

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Microsoft Company Profile

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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