Microsoft Co. (NASDAQ:MSFT) – Research analysts at Oppenheimer increased their Q2 2018 EPS estimates for shares of Microsoft in a research report issued to clients and investors on Tuesday. Oppenheimer analyst T. Horan now forecasts that the software giant will post earnings per share of $0.91 for the quarter, up from their prior forecast of $0.90. Oppenheimer has a “Outperform” rating and a $115.00 price target on the stock. Oppenheimer also issued estimates for Microsoft’s Q3 2018 earnings at $0.82 EPS, Q4 2018 earnings at $0.98 EPS, FY2018 earnings at $3.55 EPS and FY2019 earnings at $4.01 EPS.
Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies reissued a “buy” rating on shares of Microsoft in a report on Thursday, January 4th. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Royal Bank of Canada set a $100.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Tuesday, December 26th. Finally, Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target for the company. in a report on Monday, December 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $86.30.
Microsoft (NASDAQ MSFT) traded down $0.06 during trading hours on Wednesday, hitting $88.22. 19,483,500 shares of the stock traded hands, compared to its average volume of 22,576,766. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The stock has a market cap of $676,320.00, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99. Microsoft has a 52-week low of $61.95 and a 52-week high of $88.73.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’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.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after acquiring an additional 25,053,413 shares during the period. Capital Research Global Investors boosted its holdings in shares of Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after acquiring an additional 47,353,245 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after acquiring an additional 42,243,011 shares during the period. Legal & General Group Plc boosted its holdings in shares of Microsoft by 2.1% in the third quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock valued at $2,864,881,000 after acquiring an additional 774,549 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Microsoft by 2.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 30,375,635 shares of the software giant’s stock valued at $2,262,682,000 after acquiring an additional 753,152 shares during the period. 73.16% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 over the last 90 days. Insiders own 1.49% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.90%. Microsoft’s payout ratio is 56.76%.
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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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