Microsoft Corporation (NASDAQ:MSFT) received a $85.00 target price from investment analysts at Macquarie in a report released on Friday, October 27th. The firm currently has a “neutral” rating on the software giant’s stock. Macquarie’s price objective points to a potential upside of 1.35% from the company’s previous close.
Several other equities research analysts also recently commented on the stock. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morningstar, Inc. reiterated a “neutral” rating on shares of Microsoft Corporation in a research report on Monday, October 16th. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Royal Bank of Canada set a $77.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $83.64.
Shares of Microsoft Corporation (MSFT) traded down $0.22 during mid-day trading on Friday, reaching $83.87. 19,397,700 shares of the company’s stock were exchanged, compared to its average volume of 22,495,926. Microsoft Corporation has a fifty-two week low of $57.28 and a fifty-two week high of $86.20. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The company has a market cap of $648,719.88, a price-to-earnings ratio of 24.88, a PEG ratio of 1.97 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. research analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current year.
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In other Microsoft Corporation news, insider Frank H. Brod sold 15,000 shares of Microsoft Corporation stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold a total of 96,763 shares of company stock valued at $7,240,712 over the last three months. 1.49% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of MSFT. Capital Research Global Investors lifted its holdings in shares of Microsoft Corporation by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Microsoft Corporation by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Microsoft Corporation by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC lifted its holdings in shares of Microsoft Corporation by 395.2% in the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after purchasing an additional 8,369,500 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Microsoft Corporation by 32.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock valued at $1,319,271,000 after purchasing an additional 4,699,588 shares during the last quarter. 73.35% of the stock is owned by institutional investors and hedge funds.
About Microsoft Corporation
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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