Microsoft (NASDAQ:MSFT) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Wednesday. They presently have a $93.54 price objective on the software giant’s stock. Vetr‘s price objective would indicate a potential upside of 3.82% from the company’s current price.
A number of other equities analysts have also issued reports on MSFT. Oppenheimer set a $80.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Monday, September 25th. ValuEngine lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Canaccord Genuity raised Microsoft from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $86.00 in a report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, October 12th. Finally, Morningstar reaffirmed a “neutral” rating on shares of Microsoft in a report on Monday, October 16th. Two investment 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’s stock. The company has a consensus rating of “Buy” and an average target price of $87.88.
Microsoft (NASDAQ MSFT) opened at $90.10 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The stock has a market cap of $695,080.00, a P/E ratio of 30.44, a PEG ratio of 2.06 and a beta of 0.99. Microsoft has a 1 year low of $62.19 and a 1 year high of $90.79.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $24.50 billion for 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 company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. research analysts predict that Microsoft will post 3.39 EPS for the current year.
In related news, insider Frank H. Brod sold 15,000 shares of Microsoft 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 owns 116,205 shares in the company, valued at approximately $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The stock was 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. In the last quarter, insiders have sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. River Wealth Advisors LLC lifted its stake in shares of Microsoft by 6.4% in the 2nd quarter. River Wealth Advisors LLC now owns 25,130 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 1,517 shares in the last quarter. Northeast Financial Consultants Inc lifted its stake in shares of Microsoft by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares in the last quarter. One Capital Management LLC lifted its stake in shares of Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock valued at $3,906,000 after purchasing an additional 2,675 shares in the last quarter. JLB & Associates Inc. acquired a new position in shares of Microsoft in the 2nd quarter valued at about $10,873,000. Finally, First National Bank Sioux Falls lifted its stake in shares of Microsoft by 9.6% in the 2nd quarter. First National Bank Sioux Falls now owns 15,629 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 1,365 shares in the last quarter. Institutional investors own 73.19% 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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