A number of other research analysts have also recently commented on MSFT. Sanford C. Bernstein set a $87.00 price target on Microsoft and gave the stock a buy rating in a research report on Friday, August 11th. Credit Suisse Group set a $84.00 price target on Microsoft and gave the stock a buy rating in a research report on Friday, August 11th. BidaskClub upgraded Microsoft from a hold rating to a buy rating in a research report on Wednesday, August 16th. Evercore ISI restated a buy rating and issued a $80.00 price target on shares of Microsoft in a research report on Friday, August 18th. Finally, UBS restated an overweight rating on shares of Microsoft in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $84.59.
Microsoft (MSFT) traded up $1.19 during mid-day trading on Monday, reaching $82.78. The company’s stock had a trading volume of 26,162,000 shares, compared to its average volume of 22,496,305. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The company has a market cap of $629,433.38, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. Microsoft has a 1 year low of $59.80 and a 1 year high of $86.20.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 57.14%.
In other news, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the sale, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 over the last three months. Insiders own 1.49% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its holdings in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares in the last quarter. Hefty Wealth Partners increased its holdings in Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in Microsoft in the first quarter worth approximately $132,000. Stelac Advisory Services LLC increased its holdings in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares in the last quarter. Finally, Opera Trading Capital increased its holdings in Microsoft by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares in the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This piece of content was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/12/07/microsoft-msft-raised-to-strong-buy-at-vetr.html.
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.
To view Vetr’s full report, visit Vetr’s official website.
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.