William Blair reaffirmed their buy rating on shares of Microsoft (NASDAQ:MSFT) in a research note issued to investors on Wednesday.
MSFT has been the topic of several other reports. ValuEngine upgraded shares of Microsoft from a hold rating to a buy rating in a report on Friday, February 2nd. Vetr downgraded shares of Microsoft from a buy rating to a hold rating and set a $93.54 price objective on the stock. in a report on Wednesday, January 17th. Instinet assumed coverage on shares of Microsoft in a report on Thursday, January 25th. They issued a buy rating on the stock. Zacks Investment Research downgraded shares of Microsoft from a buy rating to a hold rating in a report on Tuesday, March 6th. Finally, UBS set a $105.00 price objective on shares of Microsoft and gave the company a buy rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $99.41.
MSFT stock opened at $91.56 on Wednesday. The firm has a market cap of $717,081.69, a price-to-earnings ratio of 63.34, a P/E/G ratio of 2.15 and a beta of 1.04. Microsoft has a fifty-two week low of $64.35 and a fifty-two week high of $97.24. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. analysts anticipate that Microsoft will post 3.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.83%. Microsoft’s dividend payout ratio is 115.07%.
In other news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now directly owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $930,900 in the last ninety days. 1.49% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of MSFT. Capital Research Global Investors increased its stake 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 buying an additional 47,353,245 shares during the period. Janus Henderson Group PLC increased its position in Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Vanguard Group Inc. increased its position in Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Microsoft by 52.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 26,474,151 shares of the software giant’s stock valued at $2,264,601,000 after purchasing an additional 9,092,634 shares during the period. Finally, Tiger Global Management LLC increased its position in Microsoft by 395.2% during the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after purchasing an additional 8,369,500 shares during the period. 73.81% of the stock is owned by hedge funds and other institutional investors.
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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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