A number of other research analysts also recently issued reports on the company. Wunderlich upgraded Microsoft Corporation from a hold rating to a buy rating and lifted their price target for the company from $60.00 to $70.00 in a report on Friday, October 21st. William Blair reiterated an outperform rating on shares of Microsoft Corporation in a report on Tuesday, December 13th. Cowen and Company reiterated an outperform rating and issued a $64.00 price target on shares of Microsoft Corporation in a report on Thursday, October 27th. Vetr downgraded Microsoft Corporation from a buy rating to a hold rating and set a $63.65 price target on the stock. in a report on Wednesday, December 7th. Finally, Zacks Investment Research upgraded Microsoft Corporation from a hold rating to a buy rating and set a $71.00 price target on the stock in a report on Wednesday, December 21st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six 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 $63.68.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 0.86% on Friday, hitting $63.16. The stock had a trading volume of 8,474,403 shares. The company has a market cap of $491.09 billion, a P/E ratio of 30.25 and a beta of 1.13. The company’s 50 day moving average price is $61.81 and its 200-day moving average price is $57.95. Microsoft Corporation has a 12 month low of $48.03 and a 12 month high of $64.10.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 20th. The software giant reported $0.76 EPS for the quarter, topping the consensus estimate of $0.68 by $0.08. The company had revenue of $22.30 billion for the quarter, compared to the consensus estimate of $21.71 billion. Microsoft Corporation had a return on equity of 30.92% and a net margin of 19.40%. Microsoft Corporation’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. On average, analysts expect that Microsoft Corporation will post $2.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, February 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $1.56 annualized dividend and a yield of 2.49%. Microsoft Corporation’s payout ratio is 75.00%.
In other Microsoft Corporation news, CMO Christopher C. Capossela sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $60.51, for a total transaction of $726,120.00. Following the transaction, the chief marketing officer now directly owns 253,306 shares in the company, valued at $15,327,546.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Gates III sold 2,000,000 shares of the company’s stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $60.78, for a total value of $121,560,000.00. The disclosure for this sale can be found here. 2.99% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Manhattan Co. boosted its position in Microsoft Corporation by 1.4% in the second quarter. First Manhattan Co. now owns 7,974,066 shares of the software giant’s stock worth $408,033,000 after buying an additional 108,933 shares during the period. Tesco Pension Investment Ltd purchased a new position in Microsoft Corporation during the third quarter worth approximately $170,936,000. Berkshire Asset Management LLC PA boosted its position in Microsoft Corporation by 8.2% in the second quarter. Berkshire Asset Management LLC PA now owns 343,893 shares of the software giant’s stock worth $17,597,000 after buying an additional 26,037 shares during the period. Roffman Miller Associates Inc. PA boosted its position in Microsoft Corporation by 5.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 390,571 shares of the software giant’s stock worth $19,986,000 after buying an additional 21,496 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Microsoft Corporation by 53.6% in the second quarter. Acadian Asset Management LLC now owns 2,726,637 shares of the software giant’s stock worth $139,523,000 after buying an additional 951,208 shares during the period. Institutional investors own 70.72% of the company’s stock.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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