Vetr upgraded shares of Microsoft (NASDAQ:MSFT) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning. They currently have $94.25 price objective on the software giant’s stock.
A number of other analysts have also recently issued reports on the company. ValuEngine upgraded Microsoft from a hold rating to a buy rating in a report on Wednesday, September 6th. Morningstar reissued a neutral rating on shares of Microsoft in a research report on Monday, October 16th. Credit Suisse Group reissued an outperform rating on shares of Microsoft in a research report on Thursday, August 31st. Royal Bank Of Canada reissued an outperform rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. Finally, KeyCorp reissued a buy rating and set a $82.00 price target on shares of Microsoft in a research report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $84.59.
Shares of Microsoft (NASDAQ:MSFT) traded up $0.70 during trading hours on Monday, hitting $81.78. The stock had a trading volume of 18,854,552 shares, compared to its average volume of 22,464,875. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft has a 1-year low of $59.56 and a 1-year high of $86.20. The stock has a market cap of $632,980.00, a PE ratio of 24.93, a P/E/G ratio of 1.96 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts expect that Microsoft will post 3.38 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,000 shares of company stock worth $2,262,720. 1.49% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. New Capital Management LP grew its stake in Microsoft by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares during the last quarter. Nottingham Advisors Inc. grew its stake in Microsoft by 0.4% during the 2nd quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after buying an additional 22 shares during the last quarter. American Economic Planning Group Inc. ADV grew its stake in Microsoft by 0.5% during the 2nd quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock worth $340,000 after buying an additional 23 shares during the last quarter. Carderock Capital Management Inc. grew its stake in shares of Microsoft by 0.7% in the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock worth $274,000 after purchasing an additional 26 shares in the last quarter. Finally, Appropriate Balance Financial Services Inc. grew its stake in shares of Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors and hedge funds.
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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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