Microsoft (NASDAQ:MSFT) had its target price upped by Oppenheimer to $115.00 in a research report released on Tuesday. Oppenheimer currently has an outperform rating on the software giant’s stock. Oppenheimer also issued estimates for Microsoft’s Q2 2018 earnings at $0.91 EPS, 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.
Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group reiterated a buy rating and set a $95.00 target price on shares of Microsoft in a report on Friday, October 27th. Morgan Stanley set a $88.00 target price on Microsoft and gave the company a buy rating in a report on Friday, October 27th. Tigress Financial reiterated a buy rating on shares of Microsoft in a report on Tuesday, November 7th. Vetr upgraded Microsoft from a sell rating to a hold rating and set a $82.07 target price on the stock in a report on Tuesday, October 31st. Finally, Morningstar reiterated a neutral rating on shares of Microsoft in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $86.97.
Microsoft (NASDAQ MSFT) traded up $1.52 during midday trading on Tuesday, reaching $89.60. The company had a trading volume of 24,270,000 shares, compared to its average volume of 23,290,000. Microsoft has a 12-month low of $62.03 and a 12-month high of $89.78. The stock has a market cap of $691,230.00, a P/E ratio of 30.27, a P/E/G ratio of 2.05 and a beta of 0.99. 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 (NASDAQ:MSFT) last released its quarterly earnings data 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. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period last year, the business posted $0.76 EPS. Microsoft’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts anticipate that Microsoft will post 3.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 56.76%.
In related news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the transaction, the executive vice president now owns 189,278 shares in the company, valued at $15,797,141.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction 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 in the last 90 days. Insiders own 1.49% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its position in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares during the period. Hefty Wealth Partners raised its position in Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares during the period. Stelac Advisory Services LLC raised its position in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares during the period. Pacific Center for Financial Services raised its position in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares during the period. Finally, AlphaMark Advisors LLC raised its position in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 73.16% of the company’s stock.
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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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