Canaccord Genuity reaffirmed their hold rating on shares of Microsoft Co. (NASDAQ:MSFT) in a research note issued to investors on Friday morning. The firm currently has a $68.00 price objective on the software giant’s stock.
Other equities research analysts have also recently issued reports about the stock. Goldman Sachs Group Inc reiterated a buy rating and set a $72.00 price target (up from $68.00) on shares of Microsoft in a research report on Friday, January 27th. Tigress Financial upgraded shares of Microsoft from a neutral rating to a buy rating in a research report on Monday, January 23rd. Morgan Stanley set a $72.00 price target on shares of Microsoft and gave the company a buy rating in a research report on Wednesday, January 18th. Vetr upgraded shares of Microsoft from a hold rating to a buy rating and set a $65.26 price target for the company in a research report on Tuesday, January 17th. Finally, Zacks Investment Research upgraded shares of Microsoft from a hold rating to a buy rating and set a $70.00 price target for the company in a research report on Tuesday, January 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $69.44.
Microsoft (NASDAQ:MSFT) opened at 67.48 on Friday. The firm has a 50-day moving average of $67.12 and a 200-day moving average of $63.86. Microsoft has a 52 week low of $48.04 and a 52 week high of $69.71. The company has a market capitalization of $520.98 billion, a P/E ratio of 29.78 and a beta of 1.08.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $23.62 billion. During the same period last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts anticipate that Microsoft will post $3.03 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, May 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.31%. Microsoft’s dividend payout ratio (DPR) is presently 73.59%.
In related news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $68.85, for a total value of $481,950,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the sale, the executive vice president now directly owns 216,507 shares in the company, valued at $14,962,798.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,645,694 shares of company stock worth $1,127,019,616. Corporate insiders own 2.99% of the company’s stock.
Large investors have recently modified their holdings of the stock. BSW Wealth Partners boosted its stake in shares of Microsoft by 17.8% in the first quarter. BSW Wealth Partners now owns 3,965 shares of the software giant’s stock worth $261,000 after buying an additional 600 shares during the last quarter. Financial Advisors Network Inc. boosted its stake in shares of Microsoft by 9.9% in the first quarter. Financial Advisors Network Inc. now owns 9,646 shares of the software giant’s stock worth $659,000 after buying an additional 870 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Microsoft by 499.4% in the first quarter. Brighton Jones LLC now owns 190,523 shares of the software giant’s stock worth $12,548,000 after buying an additional 158,736 shares during the last quarter. Aristotle Capital Management LLC boosted its stake in shares of Microsoft by 3.7% in the first quarter. Aristotle Capital Management LLC now owns 5,239,836 shares of the software giant’s stock worth $345,096,000 after buying an additional 186,307 shares during the last quarter. Finally, New Capital Management LP boosted its stake in shares of Microsoft by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares during the last quarter. 72.29% of the stock is currently owned by hedge funds and other institutional investors.
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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