MSFT has been the topic of a number of other research reports. Argus raised shares of Microsoft from a hold rating to a buy rating and raised their price objective for the stock from $57.28 to $95.00 in a research note on Tuesday, October 31st. Goldman Sachs Group set a $92.00 price objective on shares of Microsoft and gave the stock a buy rating in a research note on Friday, October 27th. Credit Suisse Group reaffirmed an outperform rating on shares of Microsoft in a research note on Thursday, August 31st. Vetr cut shares of Microsoft from a hold rating to a sell rating and set a $78.90 price objective on the stock. in a research note on Monday, October 30th. Finally, Barclays reaffirmed an overweight rating and set a $89.00 price objective (up previously from $82.00) on shares of Microsoft in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $85.29.
Shares of Microsoft (MSFT) traded up $1.67 during midday trading on Friday, hitting $84.16. 23,825,056 shares of the stock were exchanged, compared to its average volume of 21,255,240. The firm has a market cap of $636,376.56, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. Microsoft has a twelve month low of $61.13 and a twelve month high of $86.20. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. equities analysts forecast that Microsoft will post 3.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. Microsoft’s payout ratio is currently 57.14%.
In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. Insiders sold a total of 45,000 shares of company stock worth $3,759,420 in the last 90 days. 1.49% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of MSFT. Vanguard Group Inc. increased its position in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after purchasing an additional 25,053,413 shares during the last quarter. State Street Corp increased its position in shares of Microsoft by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Capital Research Global Investors increased its position in shares of Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Microsoft by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 38,463,571 shares of the software giant’s stock worth $2,864,881,000 after purchasing an additional 774,549 shares during the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.
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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