Microsoft Corporation (NASDAQ:MSFT) Given a $87.00 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation (NASDAQ:MSFT) in a research note issued to investors on Friday. The firm currently has a buy rating on the software giant’s stock.

Other research analysts have also recently issued research reports about the company. Credit Suisse Group AG began coverage on Microsoft Corporation in a research report on Thursday, April 27th. They issued an outperform rating and a $80.00 price target on the stock. UBS AG restated a buy rating and issued a $82.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a research report on Friday. Barclays PLC set a $82.00 price target on Microsoft Corporation and gave the stock a buy rating in a research report on Friday. Canaccord Genuity raised their price target on Microsoft Corporation from $68.00 to $76.00 and gave the stock a hold rating in a research report on Friday. Finally, BMO Capital Markets raised their price target on Microsoft Corporation from $75.00 to $86.00 and gave the stock an outperform rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Microsoft Corporation presently has a consensus rating of Buy and a consensus price target of $75.12.

Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 0.58% during midday trading on Friday, hitting $73.79. 46,717,082 shares of the stock traded hands. The stock has a 50 day moving average of $70.77 and a 200 day moving average of $66.84. The company has a market capitalization of $569.70 billion, a P/E ratio of 32.56 and a beta of 1.00. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.30. Microsoft Corporation also was the recipient of unusually large options trading on Thursday. Traders acquired 91,928 put options on the stock. This represents an increase of approximately 352% compared to the average volume of 20,348 put options.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 37.17% and a net margin of 23.57%. The firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter last year, the business earned $0.69 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts predict that Microsoft Corporation will post $3.32 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://transcriptdaily.com/2017/07/22/microsoft-corporation-nasdaqmsft-given-a-87-00-price-target-at-sanford-c-bernstein.html.

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 paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.11%. Microsoft Corporation’s payout ratio is 57.78%.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,694 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $69.00, for a total value of $1,841,886.00. Following the transaction, the insider now directly owns 607,688 shares in the company, valued at approximately $41,930,472. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The disclosure for this sale can be found here. Insiders sold a total of 12,060,786 shares of company stock worth $831,893,332 over the last 90 days. Corporate insiders own 2.99% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Hefty Wealth Partners raised its position in shares of Microsoft Corporation 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 buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. boosted its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation during the first quarter worth about $132,000. Opera Trading Capital boosted its position in Microsoft Corporation by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after buying an additional 2,283 shares during the last quarter. Finally, Pacific Center for Financial Services purchased a new position in Microsoft Corporation during the fourth quarter worth about $155,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply