Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “neutral” rating restated by investment analysts at Morningstar, Inc. in a note issued to investors on Monday, October 16th.
MSFT has been the subject of a number of other reports. ValuEngine raised Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Credit Suisse Group reissued an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research downgraded Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, KeyCorp reissued a “buy” rating and set a $82.00 target price on shares of Microsoft Corporation in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.63.
Microsoft Corporation (NASDAQ MSFT) opened at 84.35 on Monday. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $84.37. The company has a 50 day moving average of $75.68 and a 200 day moving average of $71.82. The stock has a market capitalization of $649.68 billion, a P/E ratio of 31.13 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts expect that Microsoft Corporation will post $3.19 EPS for the current fiscal year.
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In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,081,763 shares of company stock valued at $513,899,512. 1.49% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Gierl Augustine Investment Management Inc boosted its stake in Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after acquiring an additional 13 shares during the period. New Capital Management LP boosted its stake in Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after acquiring an additional 22 shares during the period. Nottingham Advisors Inc. boosted its stake in Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after acquiring an additional 22 shares during the period. American Economic Planning Group Inc. ADV boosted its stake in Microsoft Corporation by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after acquiring an additional 23 shares during the period. Finally, Carderock Capital Management Inc. boosted its position in shares of Microsoft Corporation by 0.7% during the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after buying an additional 26 shares during the period. Institutional investors own 73.26% of the company’s stock.
Microsoft Corporation 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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