Microsoft Corporation (NASDAQ:MSFT) had its price target boosted by analysts at Deutsche Bank AG from $75.00 to $80.00 in a report released on Friday, May 12th. The firm presently has a “buy” rating on the software giant’s stock. Deutsche Bank AG’s price target points to a potential upside of 14.29% from the stock’s current price.
A number of other research analysts have also recently issued reports on MSFT. Zacks Investment Research cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. Vetr raised shares of Microsoft Corporation 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. Morgan Stanley set a $72.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Wednesday, January 18th. CLSA restated an “outperform” rating and set a $72.00 price objective (up from $65.00) on shares of Microsoft Corporation in a research note on Thursday, January 19th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $68.00 price objective on shares of Microsoft Corporation in a research note on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.98.
Microsoft Corporation (MSFT) traded up 0.14% during midday trading on Friday, hitting $70.00. The stock had a trading volume of 48,345,085 shares. The company has a market cap of $540.44 billion, a price-to-earnings ratio of 30.89 and a beta of 0.99. The company’s 50 day moving average is $69.62 and its 200 day moving average is $65.40. Microsoft Corporation has a 1-year low of $48.04 and a 1-year high of $72.89. Microsoft Corporation also was the recipient of unusually large options trading activity on Thursday. Traders bought 11,523 put options on the stock. This is an increase of 244% compared to the typical volume of 3,347 put options.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The firm had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $23.62 billion. During the same period last year, the company posted $0.62 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Corporation will post $3.03 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is currently 69.03%.
In related news, insider Jean Philippe Courtois sold 26,694 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $69.00, for a total value of $1,841,886.00. Following the transaction, the insider now owns 607,688 shares in the company, valued at approximately $41,930,472. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total transaction of $173,500,000.00. The disclosure for this sale can be found here. Insiders sold a total of 12,060,786 shares of company stock valued at $831,893,332 over the last ninety days. 2.99% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. James Investment Research Inc. increased its position in shares of Microsoft Corporation 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 shares of Microsoft Corporation 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. Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the first quarter valued at $132,000. Kernodle & Katon Asset Management Group LLC increased its position in shares of Microsoft Corporation 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. Finally, Pacific Center for Financial Services acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at $155,000. Institutional investors own 72.77% of the company’s stock.
Microsoft Corporation 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.
What are top analysts saying about Microsoft Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Microsoft Corporation and related companies.