Microsoft Corporation (NASDAQ:MSFT)‘s stock had its “hold” rating restated by equities research analysts at Canaccord Genuity in a research note issued on Friday, May 12th. They presently have a $68.00 price objective on the software giant’s stock. Canaccord Genuity’s target price would indicate a potential downside of 2.86% from the stock’s current price.
Several other equities research analysts have also recently issued reports on MSFT. Pacific Crest set a $70.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Saturday, January 28th. Wunderlich lifted their price target on shares of Microsoft Corporation from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Sanford C. Bernstein set a $76.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday, March 9th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $68.00 price target on shares of Microsoft Corporation in a research report on Friday, January 20th. Finally, Nomura set a $70.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Friday, January 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Microsoft Corporation presently has a consensus rating of “Buy” and an average price target of $69.98.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.14% during trading on Friday, reaching $70.00. 48,345,085 shares of the company’s stock traded hands. The firm has a 50 day moving average of $69.62 and a 200 day moving average of $65.40. Microsoft Corporation has a 1-year low of $48.04 and a 1-year high of $72.89. The firm has a market capitalization of $540.44 billion, a PE ratio of 30.89 and a beta of 0.99. Microsoft Corporation also saw unusually large options trading activity on Thursday. Stock traders purchased 11,523 put options on the stock. This is an increase of 244% compared to the typical daily volume of 3,347 put options.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, April 27th. The software giant reported $0.73 earnings per share (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 business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $23.62 billion. During the same period last year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Microsoft Corporation will post $3.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.23%. Microsoft Corporation’s payout ratio is 69.03%.
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In related news, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now directly owns 214,080 shares in the company, valued at $14,718,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total value of $1,805,385.00. Following the transaction, the insider now owns 570,843 shares of the company’s stock, valued at $39,388,167. The disclosure for this sale can be found here. Insiders sold 12,060,786 shares of company stock valued at $831,893,332 over the last 90 days. 2.99% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Microsoft Corporation during the third quarter valued at approximately $212,000. RNC Capital Management LLC boosted its stake in shares of Microsoft Corporation by 12.3% in the third quarter. RNC Capital Management LLC now owns 451,403 shares of the software giant’s stock valued at $26,001,000 after buying an additional 49,550 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in shares of Microsoft Corporation by 36.1% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 10,802 shares of the software giant’s stock valued at $622,000 after buying an additional 2,864 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in shares of Microsoft Corporation by 2.8% in the third quarter. Farmers & Merchants Investments Inc. now owns 327,847 shares of the software giant’s stock valued at $18,884,000 after buying an additional 9,010 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in shares of Microsoft Corporation by 2.2% in the third quarter. DAVENPORT & Co LLC now owns 1,075,392 shares of the software giant’s stock valued at $61,943,000 after buying an additional 22,658 shares during the last quarter. Hedge funds and other 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.
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