Microsoft (NASDAQ:MSFT) had its price objective lifted by Oppenheimer to $115.00 in a research report released on Tuesday, January 9th. The brokerage 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 research analysts also recently issued reports about the stock. Credit Suisse Group reissued a buy rating and set a $95.00 target price on shares of Microsoft in a research report on Friday, October 27th. Morgan Stanley set a $88.00 price target on shares of Microsoft and gave the company a buy rating in a research note on Friday, October 27th. Tigress Financial restated a buy rating on shares of Microsoft in a research note on Tuesday, November 7th. Vetr upgraded shares of Microsoft from a sell rating to a hold rating and set a $82.07 price target on the stock in a research note on Tuesday, October 31st. Finally, Morningstar restated a neutral rating on shares of Microsoft in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $98.52.
Shares of Microsoft (NASDAQ MSFT) traded down $2.48 during mid-day trading on Tuesday, reaching $91.78. 47,076,959 shares of the company’s stock were exchanged, compared to its average volume of 25,970,000. Microsoft has a twelve month low of $63.07 and a twelve month high of $96.07. The company has a quick ratio of 3.06, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The company has a market cap of $708,050.00, a P/E ratio of 62.44, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. research analysts predict that Microsoft will post 3.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.83%. Microsoft’s dividend payout ratio (DPR) is currently 114.29%.
In related news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,000 shares of company stock valued at $2,498,220. 1.49% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of MSFT. 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 acquiring an additional 29 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Microsoft in the fourth quarter worth approximately $103,000. Cerebellum GP LLC bought a new stake in shares of Microsoft in the fourth quarter worth approximately $134,000. Acrospire Investment Management LLC grew its stake in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares during the period. Finally, Hefty Wealth Partners grew its stake in shares of Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the period. 73.26% of the stock is 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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