Microsoft (NASDAQ:MSFT)‘s stock had its “buy” rating reissued by DZ Bank in a report issued on Thursday.
MSFT has been the subject of several other research reports. Wells Fargo & Co reiterated a “buy” rating and set a $130.00 price target on shares of Microsoft in a report on Thursday, September 27th. BidaskClub downgraded Microsoft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Stifel Nicolaus upped their price target on Microsoft from $107.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Sanford C. Bernstein set a $135.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday, July 20th. Finally, Bank of America upped their price target on Microsoft from $123.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $120.60.
Shares of NASDAQ:MSFT traded down $2.07 during trading on Thursday, reaching $108.64. 4,349,540 shares of the stock were exchanged, compared to its average volume of 28,736,039. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. Microsoft has a 1-year low of $77.35 and a 1-year high of $116.18. The firm has a market capitalization of $880.63 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.19 and a beta of 1.28.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The business had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. Microsoft’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts anticipate that Microsoft will post 4.25 earnings per share for the current fiscal year.
In related news, EVP Margaret L. Johnson sold 47,000 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the sale, the executive vice president now owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 23,337 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total value of $2,548,867.14. Following the sale, the chief marketing officer now directly owns 190,570 shares in the company, valued at approximately $20,814,055.40. The disclosure for this sale can be found here. Insiders have sold a total of 650,042 shares of company stock worth $71,264,850 in the last ninety days. Insiders own 1.49% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Empirical Finance LLC raised its holdings in shares of Microsoft by 47.1% in the 3rd quarter. Empirical Finance LLC now owns 5,375 shares of the software giant’s stock valued at $615,000 after acquiring an additional 1,720 shares in the last quarter. Schneider Downs Wealth Management Advisors LP raised its holdings in shares of Microsoft by 14.6% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 4,161 shares of the software giant’s stock valued at $476,000 after acquiring an additional 531 shares in the last quarter. Westbourne Investment Advisors Inc. raised its holdings in shares of Microsoft by 4.1% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 63,971 shares of the software giant’s stock valued at $7,316,000 after acquiring an additional 2,520 shares in the last quarter. Sonora Investment Management LLC raised its holdings in shares of Microsoft by 3.2% in the 3rd quarter. Sonora Investment Management LLC now owns 137,212 shares of the software giant’s stock valued at $15,693,000 after acquiring an additional 4,316 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Microsoft by 1.9% in the 3rd quarter. Huntington National Bank now owns 1,185,184 shares of the software giant’s stock valued at $135,550,000 after acquiring an additional 21,686 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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