Microsoft (NASDAQ:MSFT) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They presently have a $94.80 price objective on the software giant’s stock. Vetr‘s price target would indicate a potential upside of 3.62% from the stock’s previous close.
A number of other equities analysts also recently issued reports on the company. Oppenheimer lifted their price target on Microsoft to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Citigroup lifted their price target on Microsoft to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Evercore ISI lifted their price target on Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, December 8th. UBS Group set a $105.00 price target on Microsoft and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 price target (up previously from $85.00) on shares of Microsoft in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $99.11.
Shares of Microsoft (NASDAQ MSFT) opened at $91.49 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. The company has a market capitalization of $704,450.00, a PE ratio of 28.06, a PEG ratio of 2.13 and a beta of 1.06. Microsoft has a 12 month low of $63.62 and a 12 month high of $96.07.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. analysts anticipate that Microsoft will post 3.64 earnings per share for the current year.
In related news, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total value of $325,500.00. The transaction was disclosed in a legal filing 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 that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders sold a total of 24,500 shares of company stock worth $2,102,100 in the last ninety days. 1.49% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $103,000. First Dallas Securities Inc. purchased a new position in Microsoft in the 4th quarter valued at approximately $123,000. Cerebellum GP LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $134,000. Financial Gravity Companies Inc. purchased a new position in Microsoft in the 4th quarter valued at approximately $152,000. Finally, Acrospire Investment Management LLC grew its stake in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.
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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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