Microsoft Co. (NASDAQ:MSFT – Get Rating) – William Blair lowered their FY2023 earnings estimates for Microsoft in a research note issued on Wednesday, June 21st. William Blair analyst J. Ader now anticipates that the software giant will post earnings per share of $9.62 for the year, down from their prior forecast of $9.69. The consensus estimate for Microsoft’s current full-year earnings is $9.64 per share. William Blair also issued estimates for Microsoft’s Q4 2023 earnings at $2.50 EPS.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same period last year, the firm earned $2.22 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year.
Microsoft Stock Performance
NASDAQ:MSFT opened at $335.02 on Monday. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. Microsoft has a fifty-two week low of $213.43 and a fifty-two week high of $351.47. The firm’s fifty day simple moving average is $317.00 and its 200-day simple moving average is $277.63. The stock has a market cap of $2.49 trillion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Microsoft by 1.0% in the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after buying an additional 6,129,708 shares during the last quarter. State Street Corp increased its position in shares of Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. FMR LLC lifted its position in shares of Microsoft by 0.8% during the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock worth $57,810,889,000 after purchasing an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after buying an additional 150,053,637 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Buying and Selling at Microsoft
In other news, EVP Judson Althoff sold 30,000 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $308.70, for a total transaction of $1,543,500.00. Following the sale, the chief marketing officer now owns 105,206 shares of the company’s stock, valued at approximately $32,477,092.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold 51,331 shares of company stock valued at $15,867,278 over the last three months. 0.03% of the stock is owned by company insiders.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a yield of 0.81%. Microsoft’s dividend payout ratio is currently 29.47%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
Featured Articles
- Get a free research report on Microsoft from StockNews.com
- MarketBeat Week in Review – 6/19 – 6/23
- CarMax Stock Flying On Earnings Beat, Return Of The Highs?
- Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
- Smith & Wesson, A Timeless Value Play At Decade Lows
- Five stocks we like better than Microsoft
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.
