Microsoft Co. (NASDAQ:MSFT) CEO Satya Nadella Sells 419,292 Shares of Stock

Microsoft Co. (NASDAQ:MSFT) CEO Satya Nadella sold 419,292 shares of Microsoft stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $344.61, for a total value of $144,492,216.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Satya Nadella also recently made the following trade(s):

  • On Wednesday, September 1st, Satya Nadella sold 75,573 shares of Microsoft stock. The stock was sold at an average price of $303.28, for a total value of $22,919,779.44.

MSFT opened at $337.91 on Thursday. The stock has a market cap of $2.54 trillion, a price-to-earnings ratio of 37.80, a P/E/G ratio of 3.11 and a beta of 0.86. The stock’s 50 day moving average price is $313.32 and its 200-day moving average price is $288.66. Microsoft Co. has a one year low of $209.11 and a one year high of $349.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.12 and a current ratio of 2.16.

Microsoft (NASDAQ:MSFT) last released its earnings results on Monday, October 25th. The software giant reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. The firm had revenue of $45.32 billion for the quarter, compared to analysts’ expectations of $44 billion. Microsoft had a return on equity of 45.80% and a net margin of 38.51%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. As a group, analysts predict that Microsoft Co. will post 9.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be paid a dividend of $0.62 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.56. The ex-dividend date is Wednesday, November 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is currently 27.74%.

Microsoft declared that its board has approved a share repurchase plan on Tuesday, September 14th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its stake in Microsoft by 0.8% in the second quarter. State Street Corp now owns 294,824,958 shares of the software giant’s stock worth $79,868,081,000 after purchasing an additional 2,249,303 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Microsoft by 7.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 192,408,922 shares of the software giant’s stock worth $52,123,577,000 after purchasing an additional 13,584,306 shares in the last quarter. Geode Capital Management LLC grew its stake in Microsoft by 2.2% in the third quarter. Geode Capital Management LLC now owns 126,079,812 shares of the software giant’s stock worth $35,451,147,000 after purchasing an additional 2,757,667 shares in the last quarter. Capital International Investors grew its stake in Microsoft by 3.0% in the second quarter. Capital International Investors now owns 92,898,047 shares of the software giant’s stock worth $25,166,309,000 after purchasing an additional 2,669,080 shares in the last quarter. Finally, Morgan Stanley grew its stake in Microsoft by 4.3% in the second quarter. Morgan Stanley now owns 68,123,020 shares of the software giant’s stock worth $18,454,527,000 after purchasing an additional 2,783,534 shares in the last quarter. 69.05% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on MSFT shares. Wolfe Research lifted their price objective on Microsoft from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Piper Sandler lifted their price objective on Microsoft from $310.00 to $352.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. Credit Suisse Group started coverage on Microsoft in a report on Tuesday, November 16th. They issued an “outperform” rating and a $400.00 price objective for the company. Mizuho lifted their price objective on Microsoft from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Finally, Stifel Nicolaus lifted their price objective on Microsoft from $325.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. One analyst has rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $347.85.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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