Microsoft (NASDAQ:MSFT) had its price objective hoisted by Nomura from $124.00 to $131.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. Nomura currently has a buy rating on the software giant’s stock.
Several other research analysts have also recently issued reports on MSFT. Wedbush raised their target price on shares of Microsoft from $150.00 to $155.00 and gave the stock an outperform rating in a report on Thursday. Stifel Nicolaus reissued an in-line rating and set a $130.00 target price (up previously from $120.00) on shares of Microsoft in a report on Monday, April 22nd. BMO Capital Markets raised their target price on shares of Microsoft from $125.00 to $147.00 and gave the stock an outperform rating in a report on Thursday. Goldman Sachs Group reissued a buy rating and set a $131.00 target price on shares of Microsoft in a report on Thursday, April 18th. Finally, Bank of America raised their target price on shares of Microsoft from $150.00 to $155.00 and gave the stock a buy rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $133.30.
NASDAQ MSFT opened at $129.89 on Thursday. The firm has a market capitalization of $1,000.13 billion, a price-to-earnings ratio of 33.48, a P/E/G ratio of 2.33 and a beta of 1.22. Microsoft has a 12-month low of $92.45 and a 12-month high of $131.37. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.97 and a quick ratio of 3.08.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.14. Microsoft had a net margin of 28.58% and a return on equity of 39.34%. The business had revenue of $30.57 billion during the quarter, compared to analysts’ expectations of $29.86 billion. During the same quarter last year, the company posted $0.95 earnings per share. The business’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft will post 4.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be given a dividend of $0.46 per share. The ex-dividend date is Wednesday, May 15th. This represents a $1.84 annualized dividend and a yield of 1.42%. Microsoft’s dividend payout ratio is presently 47.42%.
In other news, insider Jean Philippe Courtois sold 28,147 shares of Microsoft stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $108.14, for a total value of $3,043,816.58. Following the sale, the insider now owns 497,162 shares in the company, valued at $53,763,098.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 267,466 shares of Microsoft stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the sale, the chief executive officer now owns 1,746,854 shares in the company, valued at approximately $185,183,992.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,667 shares of company stock worth $35,657,016. 1.38% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new position in shares of Microsoft in the fourth quarter worth about $26,000. Highwater Wealth Management LLC purchased a new position in shares of Microsoft in the fourth quarter worth about $27,000. Mackey Komara & Dankovich LLC purchased a new position in shares of Microsoft in the fourth quarter worth about $30,000. Sageworth Trust Co lifted its stake in shares of Microsoft by 1,525.0% in the first quarter. Sageworth Trust Co now owns 260 shares of the software giant’s stock worth $31,000 after buying an additional 244 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Microsoft in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 72.94% of the company’s stock.
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, 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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