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.
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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 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.
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