Microsoft Co. (NASDAQ:MSFT) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 49,564,890 shares, an increase of 20.7% from the January 12th total of 41,062,227 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 31,519,927 shares, the days-to-cover ratio is currently 1.6 days.
Microsoft (MSFT) traded up $3.17 during midday trading on Friday, hitting $88.18. The stock had a trading volume of 63,400,000 shares, compared to its average volume of 30,970,000. The company has a market capitalization of $680,270.00, a P/E ratio of 59.99, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. Microsoft has a 52-week low of $63.32 and a 52-week high of $96.07. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. equities analysts expect that Microsoft will post 3.62 EPS for the current year.
Several research firms recently weighed in on MSFT. KeyCorp raised their price objective on Microsoft from $106.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of Microsoft in a research note on Friday, October 27th. UBS Group set a $105.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Thursday, November 9th. Vetr lowered Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price objective on the stock. in a research note on Monday, December 11th. Finally, Citigroup raised their price objective on Microsoft from $74.00 to $79.00 and gave the company a “sell” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have issued a buy rating to the company’s stock. Microsoft has a consensus rating of “Buy” and an average price target of $99.09.
In other news, insider Frank H. Brod sold 18,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares in the company, valued at $15,376,156.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,000 shares of company stock worth $2,164,380. 1.49% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in MSFT. Kohmann Bosshard Financial Services LLC purchased a new position in Microsoft in the fourth quarter worth $103,000. Acrospire Investment Management LLC boosted its position in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the last quarter. First Dallas Securities Inc. purchased a new position in Microsoft in the fourth quarter worth $123,000. Cerebellum GP LLC purchased a new position in Microsoft in the fourth quarter worth $134,000. Finally, Stelac Advisory Services LLC boosted its position in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the last quarter. 73.22% of the stock is currently owned by institutional investors.
Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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