Microsoft Co. (NASDAQ:MSFT) had its target price increased by Deutsche Bank AG from $75.00 to $80.00 in a report published on Friday morning. Deutsche Bank AG currently has a buy rating on the software giant’s stock.
MSFT has been the topic of several other reports. Sanford C. Bernstein set a $76.00 price objective on Microsoft and gave the company a buy rating in a research report on Thursday, March 9th. Goldman Sachs Group Inc reiterated a buy rating and set a $78.00 price objective on shares of Microsoft in a research report on Tuesday, May 9th. Jefferies Group LLC increased their price objective on Microsoft from $43.00 to $45.00 and gave the company an underperform rating in a research report on Friday, January 27th. William Blair reiterated an outperform rating on shares of Microsoft in a research report on Monday, March 20th. Finally, Wunderlich increased their price objective on Microsoft from $70.00 to $75.00 and gave the company a buy rating in a research report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $69.44.
Shares of Microsoft (NASDAQ:MSFT) opened at 67.48 on Friday. The stock’s 50 day moving average price is $67.12 and its 200-day moving average price is $63.86. The firm has a market capitalization of $520.98 billion, a price-to-earnings ratio of 29.78 and a beta of 1.08. Microsoft has a 52 week low of $48.04 and a 52 week high of $69.71.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, beating the consensus estimate of $0.69 by $0.04. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $23.62 billion. Microsoft had a return on equity of 32.12% and a net margin of 19.57%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. Equities analysts predict that Microsoft will post $3.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $1.56 annualized dividend and a yield of 2.31%. Microsoft’s dividend payout ratio (DPR) is presently 73.59%.
In related news, EVP Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the transaction, the executive vice president now directly owns 216,507 shares in the company, valued at $14,962,798.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The disclosure for this sale can be found here. Insiders have sold 16,645,694 shares of company stock worth $1,127,019,616 over the last quarter. 2.99% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. increased its position in Microsoft by 29.5% in the first quarter. James Investment Research Inc. now owns 1,702 shares of the software giant’s stock valued at $112,000 after buying an additional 388 shares during the period. Asset Planning Services Ltd. increased its position in Microsoft by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the period. Kernodle & Katon Asset Management Group LLC increased its position in Microsoft by 0.5% in the first quarter. Kernodle & Katon Asset Management Group LLC now owns 2,067 shares of the software giant’s stock valued at $136,000 after buying an additional 11 shares during the period. Pacific Center for Financial Services bought a new position in Microsoft during the fourth quarter valued at $155,000. Finally, Welch Investments LLC bought a new position in Microsoft during the fourth quarter valued at $160,000. Institutional investors own 72.29% 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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