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

Microsoft Co. (NASDAQ:MSFT) CEO Satya Nadella sold 419,292 shares of Microsoft stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $344.61, for a total transaction of $144,492,216.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

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

Shares of MSFT opened at $337.91 on Thursday. Microsoft Co. has a 1-year low of $209.11 and a 1-year high of $349.67. The stock has a market cap of $2.54 trillion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.16 and a quick ratio of 2.12. The firm has a fifty day moving average price of $313.32 and a 200 day moving average price of $288.66.

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

Microsoft announced that its Board of Directors has approved a share repurchase plan on Tuesday, September 14th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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

Several analysts have recently commented on MSFT shares. Citigroup lifted their price target on shares of Microsoft from $384.00 to $407.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. UBS Group boosted their target price on Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 20th. Evercore ISI boosted their target price on Microsoft from $325.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, October 27th. BMO Capital Markets boosted their target price on Microsoft from $290.00 to $325.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Finally, Credit Suisse Group assumed coverage on Microsoft in a research report on Tuesday, November 16th. They issued an “outperform” rating and a $400.00 target price on the stock. One analyst has rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $347.85.

Large investors have recently made changes to their positions in the company. Essex Savings Bank raised its holdings in shares of Microsoft by 2.0% in the second quarter. Essex Savings Bank now owns 25,157 shares of the software giant’s stock valued at $6,281,000 after buying an additional 500 shares during the last quarter. Scholtz & Company LLC raised its holdings in shares of Microsoft by 2.3% in the second quarter. Scholtz & Company LLC now owns 102,251 shares of the software giant’s stock valued at $27,700,000 after buying an additional 2,338 shares during the last quarter. Papp L Roy & Associates raised its holdings in shares of Microsoft by 9.8% in the second quarter. Papp L Roy & Associates now owns 144,701 shares of the software giant’s stock valued at $39,200,000 after buying an additional 12,871 shares during the last quarter. Bickling Financial Services Inc. raised its holdings in shares of Microsoft by 7.3% in the second quarter. Bickling Financial Services Inc. now owns 7,114 shares of the software giant’s stock valued at $1,927,000 after buying an additional 487 shares during the last quarter. Finally, Ninety One SA PTY Ltd raised its holdings in Microsoft by 3.6% during the second quarter. Ninety One SA PTY Ltd now owns 46,352 shares of the software giant’s stock worth $12,568,000 after purchasing an additional 1,632 shares in the last quarter. 69.05% of the stock is owned by institutional investors and hedge funds.

Microsoft Company Profile

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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Insider Buying and Selling by Quarter for Microsoft (NASDAQ:MSFT)

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