Microsoft Corporation (MSFT) Upgraded to Hold at Vetr Inc.

Vetr upgraded shares of Microsoft Corporation (NASDAQ:MSFT) from a sell rating to a hold rating in a report published on Tuesday. The firm currently has $82.07 target price on the software giant’s stock.

A number of other research firms also recently commented on MSFT. Stifel Nicolaus lifted their price objective on shares of Microsoft Corporation from $85.00 to $90.00 and gave the stock a buy rating in a report on Monday. Citigroup Inc. lifted their price objective on shares of Microsoft Corporation from $74.00 to $79.00 and gave the stock a sell rating in a report on Friday, October 27th. Barclays PLC reaffirmed an overweight rating and issued a $89.00 price objective (up previously from $82.00) on shares of Microsoft Corporation in a report on Friday, October 27th. Goldman Sachs Group, Inc. (The) set a $92.00 price objective on shares of Microsoft Corporation and gave the stock a buy rating in a report on Friday, October 27th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $94.00 price objective (up previously from $86.00) on shares of Microsoft Corporation in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $82.61.

Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.174% during trading on Tuesday, reaching $83.035. 8,186,169 shares of the company’s stock were exchanged. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20. The stock has a market capitalization of $639.56 billion, a PE ratio of 30.640 and a beta of 1.01. The company’s 50-day moving average is $76.60 and its 200 day moving average is $72.32.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, analysts forecast that Microsoft Corporation will post $3.36 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.42 dividend. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s payout ratio is 53.06%.

In related news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 537,519 shares of the company’s stock, valued at $39,776,406. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,081,763 shares of company stock valued at $513,899,512. Corporate insiders own 1.49% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northeast Financial Consultants Inc lifted its holdings in Microsoft Corporation by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after purchasing an additional 1,500 shares during the last quarter. Tompkins Financial Corp lifted its holdings in Microsoft Corporation by 21.1% in the 1st quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after purchasing an additional 18,225 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Microsoft Corporation by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after purchasing an additional 530,893 shares during the last quarter. HPM Partners LLC lifted its holdings in Microsoft Corporation by 293.5% in the 1st quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock worth $10,608,000 after purchasing an additional 120,135 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. lifted its holdings in Microsoft Corporation by 1.4% in the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock worth $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.

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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