Vetr upgraded shares of Microsoft Corporation (NASDAQ:MSFT) from a hold rating to a buy rating in a report published on Wednesday, May 17th. They currently have $70.87 price objective on the software giant’s stock.
Several other research analysts also recently commented on the company. Pacific Crest set a $70.00 target price on Microsoft Corporation and gave the stock a buy rating in a research note on Saturday, January 28th. Credit Suisse Group started coverage on Microsoft Corporation in a research note on Thursday, April 27th. They issued an outperform rating and a $80.00 price target on the stock. Piper Jaffray Companies restated an overweight rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Wednesday, April 19th. Atlantic Securities restated a neutral rating and issued a $66.00 price target on shares of Microsoft Corporation in a research note on Friday, April 28th. Finally, Cowen and Company upped their price objective on Microsoft Corporation from $70.00 to $74.00 and gave the company an outperform rating in a research report on Friday, April 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $69.98.
Shares of Microsoft Corporation (MSFT) opened at 70.00 on Wednesday. The stock’s 50 day moving average is $69.62 and its 200-day moving average is $65.40. Microsoft Corporation has a 12-month low of $48.03 and a 12-month high of $72.89. The firm has a market cap of $540.44 billion, a price-to-earnings ratio of 30.89 and a beta of 0.99. Microsoft Corporation also was the recipient of unusually large options trading on Thursday. Traders purchased 11,523 put options on the company. This represents an increase of 244% compared to the average volume of 3,347 put options.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $23.62 billion. During the same period last year, the firm posted $0.62 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Microsoft Corporation will post $3.03 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is presently 69.03%.
In other Microsoft Corporation news, Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the sale, the executive vice president now directly owns 216,507 shares of the company’s stock, valued at $14,962,798.77. The disclosure for this sale can be found here. Insiders have sold 12,060,786 shares of company stock worth $831,893,332 over the last ninety days. 2.99% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Causeway Capital Management LLC increased its stake in Microsoft Corporation by 13.4% in the first quarter. Causeway Capital Management LLC now owns 4,021,170 shares of the software giant’s stock valued at $304,041,000 after buying an additional 473,899 shares in the last quarter. TrueNorth Inc. increased its stake in Microsoft Corporation by 0.6% in the first quarter. TrueNorth Inc. now owns 17,748 shares of the software giant’s stock valued at $1,169,000 after buying an additional 98 shares in the last quarter. Laurel Wealth Advisors Inc. increased its stake in Microsoft Corporation by 3.6% in the first quarter. Laurel Wealth Advisors Inc. now owns 74,610 shares of the software giant’s stock valued at $4,913,000 after buying an additional 2,561 shares in the last quarter. Perigon Wealth Management LLC increased its stake in Microsoft Corporation by 2.0% in the first quarter. Perigon Wealth Management LLC now owns 53,627 shares of the software giant’s stock valued at $3,532,000 after buying an additional 1,034 shares in the last quarter. Finally, Columbia Partners L L C Investment Management increased its stake in Microsoft Corporation by 1.0% in the first quarter. Columbia Partners L L C Investment Management now owns 432,953 shares of the software giant’s stock valued at $28,514,000 after buying an additional 4,429 shares in the last quarter. 72.77% of the stock is owned by institutional investors and hedge funds.
Microsoft Corporation 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.
To view Vetr’s full report, visit Vetr’s official website.
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