Microsoft Corporation (NASDAQ:MSFT) received a $49.00 price objective from stock analysts at Jefferies Group LLC in a research report issued on Monday, July 24th. The firm presently has a “sell” rating on the software giant’s stock. Jefferies Group LLC’s price objective would indicate a potential downside of 32.41% from the company’s previous close. Jefferies Group also issued estimates for Microsoft Corporation’s Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $3.15 EPS, Q1 2019 earnings at $0.79 EPS, Q2 2019 earnings at $0.93 EPS, Q3 2019 earnings at $0.81 EPS, Q4 2019 earnings at $0.85 EPS and FY2019 earnings at $3.38 EPS.
A number of other analysts have also weighed in on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $78.00 target price on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Bank of America Corporation reissued a “buy” rating and set a $75.00 target price on shares of Microsoft Corporation in a research note on Friday, June 16th. Cowen and Company lifted their target price on shares of Microsoft Corporation from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price target for the company in a report on Monday, June 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Microsoft Corporation presently has an average rating of “Buy” and an average price target of $76.15.
Shares of Microsoft Corporation (MSFT) opened at 72.50 on Monday. The firm’s 50-day moving average price is $71.70 and its 200-day moving average price is $67.95. The stock has a market capitalization of $558.41 billion, a P/E ratio of 26.75 and a beta of 1.01. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Microsoft Corporation will post $3.22 earnings per share for the current fiscal year.
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In other Microsoft Corporation news, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total value of $207,330.00. Following the sale, the executive vice president now owns 216,507 shares in the company, valued at approximately $14,962,798.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,060,855 shares of company stock worth $512,251,908. 2.99% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its position in shares of Microsoft Corporation by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares during the last quarter. Hefty Wealth Partners increased its position in shares of Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. 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 last quarter. Ullmann Financial Group Inc. acquired a new position in shares of Microsoft Corporation during the first quarter valued at $132,000. Finally, Stelac Advisory Services LLC increased its position in shares of Microsoft Corporation by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares during the last quarter. 72.86% of the stock is owned by institutional investors and hedge funds.
About Microsoft Corporation
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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