Microsoft Corporation (MSFT) Earns Overweight Rating from Barclays PLC

Barclays PLC reaffirmed their overweight rating on shares of Microsoft Corporation (NASDAQ:MSFT) in a research note issued to investors on Friday morning, Marketbeat.com reports. Barclays PLC currently has a $89.00 target price on the software giant’s stock, up from their previous target price of $82.00.

MSFT has been the subject of several other research reports. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a $88.00 price target (up previously from $78.00) on shares of Microsoft Corporation in a research report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a buy rating and set a $73.00 price target on shares of Microsoft Corporation in a research report on Monday, July 17th. Credit Suisse Group reaffirmed an outperform rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Wells Fargo & Company set a $82.50 price target on shares of Microsoft Corporation and gave the company a buy rating in a research report on Friday, July 21st. Finally, J P Morgan Chase & Co set a $64.00 target price on shares of Microsoft Corporation and gave the stock a neutral rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $81.49.

Microsoft Corporation (NASDAQ MSFT) opened at 83.89 on Friday. The stock has a market cap of $646.14 billion, a P/E ratio of 30.96 and a beta of 1.01. The stock has a 50 day moving average of $76.36 and a 200 day moving average of $72.24. Microsoft Corporation has a 1-year low of $57.28 and a 1-year high of $86.20.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Microsoft Corporation will post $3.35 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.com-unik.info/2017/10/31/microsoft-corporation-msft-earns-overweight-rating-from-barclays-plc.html.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is currently 53.06%.

In other news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,081,763 shares of company stock worth $513,899,512. Insiders own 1.49% of the company’s stock.

Several institutional investors have recently made changes to their positions in MSFT. Northeast Financial Consultants Inc grew its stake in Microsoft Corporation by 17.4% in the second quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock valued at $696,000 after purchasing an additional 1,500 shares during the last quarter. Tompkins Financial Corp grew its stake in Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after purchasing an additional 18,225 shares during the last quarter. State of Wisconsin Investment Board grew its stake in Microsoft Corporation by 7.3% in the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after purchasing an additional 530,893 shares during the last quarter. HPM Partners LLC grew its stake in Microsoft Corporation by 293.5% in the first quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock valued at $10,608,000 after purchasing an additional 120,135 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. grew its stake in Microsoft Corporation by 1.4% in the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock valued at $4,519,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 73.35% of the company’s stock.

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.

Analyst Recommendations for Microsoft Corporation (NASDAQ:MSFT)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit