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.
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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.
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