Microsoft (NASDAQ:MSFT) had its target price hoisted by UBS Group from $125.00 to $150.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the software giant’s stock.
A number of other brokerages have also commented on MSFT. JPMorgan Chase & Co. boosted their price target on Microsoft from $115.00 to $125.00 and gave the company an overweight rating in a report on Thursday, March 28th. BMO Capital Markets boosted their price target on Microsoft from $125.00 to $147.00 and gave the company an outperform rating in a report on Thursday. Credit Suisse Group restated a buy rating and issued a $125.00 price target on shares of Microsoft in a report on Wednesday, April 24th. KeyCorp restated a buy rating and issued a $141.00 price target (up from $125.00) on shares of Microsoft in a report on Wednesday, April 17th. Finally, ValuEngine lowered Microsoft from a buy rating to a hold rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $133.30.
MSFT stock opened at $129.89 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.08 and a current ratio of 2.97. The stock has a market cap of $1,000.13 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.33 and a beta of 1.22. Microsoft has a 1-year low of $92.45 and a 1-year high of $131.37.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 24th. The software giant reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.14. The firm had revenue of $30.57 billion for the quarter, compared to analyst estimates of $29.86 billion. Microsoft had a return on equity of 39.34% and a net margin of 28.58%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. Analysts predict that Microsoft will post 4.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 47.42%.
In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $110.46, for a total transaction of $552,300.00. Following the completion of the sale, the chief marketing officer now owns 156,866 shares in the company, valued at $17,327,418.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 267,466 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total value of $28,354,070.66. Following the sale, the chief executive officer now owns 1,746,854 shares of the company’s stock, 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 valued at $35,657,016. Corporate insiders own 1.38% of the company’s stock.
Large investors have recently modified their holdings of the company. Karpas Strategies LLC lifted its stake in Microsoft by 0.4% during the first quarter. Karpas Strategies LLC now owns 24,283 shares of the software giant’s stock worth $2,864,000 after purchasing an additional 86 shares during the last quarter. Barton Investment Management increased its holdings in shares of Microsoft by 0.3% during the first quarter. Barton Investment Management now owns 28,127 shares of the software giant’s stock worth $3,317,000 after buying an additional 90 shares in the last quarter. Pachira Investments Inc. increased its holdings in shares of Microsoft by 4.4% during the fourth quarter. Pachira Investments Inc. now owns 2,297 shares of the software giant’s stock worth $233,000 after buying an additional 97 shares in the last quarter. Shine Investment Advisory Services Inc. increased its holdings in shares of Microsoft by 1.0% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 10,004 shares of the software giant’s stock worth $1,016,000 after buying an additional 99 shares in the last quarter. Finally, Peak Financial Management Inc. increased its holdings in shares of Microsoft by 4.3% during the fourth quarter. Peak Financial Management Inc. now owns 2,415 shares of the software giant’s stock worth $245,000 after buying an additional 99 shares in the last quarter. Institutional investors 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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