Microsoft Corporation (NASDAQ:MSFT) had its price target boosted by Stifel Nicolaus from $85.00 to $90.00 in a research report released on Monday. The firm currently has a buy rating on the software giant’s stock.
Other equities research analysts have also issued reports about the stock. Vetr lowered shares of Microsoft Corporation from a hold rating to a sell rating and set a $78.90 price target for the company. in a report on Monday. Credit Suisse Group set a $84.00 price objective on shares of Microsoft Corporation and gave the company a buy rating in a research report on Friday, August 11th. Barclays PLC reissued an overweight rating and set a $82.00 price objective (up from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Raymond James Financial, Inc. boosted their price objective on shares of Microsoft Corporation to $84.00 and gave the company a buy rating in a research report on Friday, July 21st. Finally, MKM Partners reissued a neutral rating and set a $70.00 price objective (up from $66.00) on shares of Microsoft Corporation in a research report on Sunday, July 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $82.61.
Microsoft Corporation (NASDAQ:MSFT) traded down 0.3662% during midday trading on Monday, hitting $83.5828. 12,490,959 shares of the stock traded hands. The company has a market capitalization of $643.78 billion, a price-to-earnings ratio of 30.8424 and a beta of 1.01. The stock’s 50-day moving average price is $76.36 and its 200 day moving average price is $72.24. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Zacks’ 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 company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same period in the prior year, the business posted $0.76 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Corporation will post $3.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. Microsoft Corporation’s dividend payout ratio is currently 53.06%.
In related news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,081,763 shares of company stock valued at $513,899,512. Company insiders own 1.49% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Microsoft Corporation by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares in the last quarter. State Street Corp raised its position in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares in the last quarter. Capital Research Global Investors raised its position in Microsoft Corporation by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC raised its position in Microsoft Corporation by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Microsoft Corporation by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock valued at $2,597,786,000 after purchasing an additional 425,485 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
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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